The market continues to show its approval of last week’s Fed decision in which the central bank went ahead with the bigger 50-basis point rate cut, while communicating a message that the US economy was fine.

Our analysis, forecast of contextual trends, and short-term outlook for ASX: WISETECH GLOBAL LIMITED - WTC aim to provide readers with insights into the current market trends and how to capitalize on them effectively.

In its last statement and discussion on monetary policy, the Federal Reserve essentially announced its official victory over inflation. Gold still looks like a good buy for celebrating the victory.

“We were wrong about the Fed, it having cut its Funds Rates -50bp rather than by our -25bp assertion; and as is our wont, when we’re flat out wrong, we fess up…”