As per discussed in May performance review, the market performance is getting stable with slow growth. In Mid Jun, The US Federal Reserve meeting released its latest policy and economy update, including its projections on inflation and interest rates. The Interest Rate is expecting to increase in 2023.
To keep it short and simple, rise in interest rate reflects the economy is getting better, leads to better performance of corporations’ profitability. This is the reason why investors should not be too pessimistic.
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We have tried out best to make sure data is correct. Before making investment decision, please read official documents.