US stock indices reach fresh new highs despite a hawkish Fed

The S&P 500 and Dow Jones stock indices climbed to fresh new highs yesterday after US Federal Reserve Chair Jerome Powell said that he foresees two more rate cuts of 25 basis points this year following fresh data underlining sustained economic growth and robust consumer spending. Meanwhile, Chinese stocks yesterday posted their biggest daily gains in 16 years as Beijing’s latest stimulus package sparked a searing rally. Manuel Villegas, Next Generation Research, provides an update on the global macroeconomic factors driving demand for digital assets. 00:00 Introduction by Helen Freer (Investment Writing) 00:34 Markets wrap-up by Jonti Warris (Investment Writing) 05:59 Digital assets: Manuel Villegas (Next Generation Research) 09:36 Closing remarks by Helen Freer (Investment Writing) Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.