BBCNEWS Asia July 5, 2024
among them, an outperforming tech sector and a resilient labour market. the federal reserve has a role too. so far it's been able to cool inflation without tipping the economy into a recession. that's called a soft landing and it's buoying wall street. stocks are rallying in anticipation of interest rate cuts that the fed has signalled this year, which would let interest rates fall from a 22—year high. when interest rates go down, it makes it cheaper for businesses and individuals to borrow money. so spending increases and usually that makes stock prices go up. meanwhile, it's a di...