Fed's hawkish message on inflation registered quickly in U.S. housing markets this summer as mortgage rates shot up and home sales slowed.
Extent of inversion will depend on terminal rate, which will likely be a function of inflation, Meghan Swiber, Dir. of US rates strategy at BofA.
Dimming earnings outlook is at odds with the recent rebound in stock markets, according to strategists at Morgan Stanley.
US economic downturn looks increasingly unlikely in eyes of stock market, according to measure of recession probabilities created by JPMorgan Chase.
JPMorgan Chase & Co.’s Marko Kolanovic is emerging as one of the very few bulls among Wall Street’s top strategists saying US stocks will rally.
Investors may be getting overconfident in betting the Federal Reserve may cut interest rates sooner to bolster a flagging US economy.