BBCNEWS Asia July 5, 2024
more than 3/10 of a percent. this is what they call a bull run. the market's been on the upswing since october 2022, and it's thanks to a few tailwinds. 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, ...