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Money Control
| 1mFed must manage rate cut timing judiciously in election year; Oil may top $90/bbl: Peter McGuire
The US Federal Reserve has maintained its guidance of three rate cuts for the year, bringing more certainty to the market and sparking a rally in equities and gold. The first rate cut is predicted to come in June, and the Fed's dovish stance has boosted confidence in the market. Oil prices are also expected to continue rising, possibly surpassing $90 per barrel. Gold and Bitcoin are performing well, with gold showing strong momentum and Bitcoin likely to increase in value by the end of the month. The Bank of Japan's decision to hike interest rates may still make the yen carry trade attractive, but attention should be paid to the trajectory of the US dollar.
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