Reported 7 months ago
Taiwan's First Securities Investment Consulting Chairman Chen Yiguang explained on June 12, 2024, at 4:10 pm the overall economy and market analysis: the Fed announced its interest rate decision on June 12 (US time), with expectations of no change, but Chairman Powell's post-meeting comments and the rate dot plot from officials will set the policy direction for the second half of the year becoming a market focus. U.S. May CPI was announced, showing the year-on-year change as expected at 3.4%, with monthly change from 0.4% to 0.3%, below the expected 0.4%. The latest employment report reflected a strong job market but also weakness in household data. Following Taiwan's stock market reaching new highs, investors are advised to plan for a possible consolidation phase post-highs, with investment areas including AI server supply chain, IC design, and non-electronic sectors.
Source: YAHOO