News Snapshot:
Wall Street hit a confirmed bear market milestone amid a Goldman Sachs forecast of a 75-basis-point interest rate hike at the Federal Reserve’s policy meeting on Wednesday. “However, if more aggressive rate hikes lead to less aggregate global demand, domestic expectations would also be hit.” Authorities in China’s capital Beijing are rushing to contain a COVID-19 outbreak traced to a 24-hour bar, with a health official saying the outbreak was “still developing”. “While we see growth challenged in the first half of 2022, we expect a rebound in the second half driven by a combination of fiscal and monetary policy...
