Reported 7 months ago
The Federal Open Market Committee (FOMC) remains unchanged in its seventh consecutive meeting with a hawkish yet dovish tone. National banks hold different views on the US rate cut; Chinatrust Commercial Bank maintains the belief that the US will cut rates for the first time in Q3, while Bank SinoPac predicts two rate cuts this year, recommending buying on dips when the 10-year US Treasury yield surpasses 4.5%. Banks see potential in the US market due to strong Q1 economic data and the global manufacturing recovery potentially boosting corporate profits, despite short-term corrections. Investment in US stocks is viewed positively, with the S&P 500 index predicted to range between 5,000 and 5,600 points.
Source: YAHOO