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Dr Chan: “Black Swans” May Not Even Shock the Market as Much as Short-selling Firms Do

On 14 June 2017, the US Federal Reserve (Fed) announced its decision to hike federal funds rate by another 25 basis points, making the current Fed funds rate 1.25 percent. Despite it being a move that was largely within market expectation, US stocks showed a lack of direction during early trading. But the Dow eventually managed to climb 0.22 percent before the close.
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Dr Chan: Impact of Rate Hike Muted; Dividend Stocks Still Attractive

US President Trump has finally met his first major setback since taking office. His proposed healthcare repeal bill – the American Health Care Act – to replace Obamacare failed to garner enough support from the Republicans in both houses which resulted in the withdrawal of his proposed bill.