Australia's largest stock trading and investment forum Australia's #1 stock forum

CHINA warns fed not too hike rates too fast !, page-8

First 8 Last

Share
Profile

Follow
FreeBaller

2,610 Posts.

3

21/01/22

20:26

Post #: 59052073
Share

Originally posted by dwuuuu: ↑

CHINA warns fed not too hike rates too fast !

https://www.marketwatch.com/story/xi-jinping-warns-fed-against-hiking-interest-rates-11642502735

Chinese President Xi Jinping took to the virtual Davos stage to address Fed Chairman Jerome Powell with this message: Please don’t lift interest rates.

“If major economies slam on the brakes or take a U-turn in their monetary policies, there would be serious negative spillovers. They would present challenges to global economic and financial stability, and developing countries would bear the brunt of it,” said Xi, according to a transcript of his remarks on Monday.

Well done President Xi for cutting interest rates and help stimulate a China's economy ! The fed needs to listen and not raise rates too fast or else it would cause a world economy slow down according to President Xi.

Expand

Central bankers do not determine interest rates. The market does.
1 Upvote

Reply

Top Stories

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

LU7

Lithium Universe targets silver boom with breakthrough solar recycling tech

ASX Market Close: Why are we red today? Because US CPI's at 3%

LDX

Lumos Diagnostics surges 140% on major US contract deal

LIS

Li-S Energy the latest microcap to pivot to US defence market

First 8 Last

SPONSORED BY