Sell S&P 500 in ‘Every Scenario’ Looms as Rally Is Overheating
Even a slight push back from the Federal Reserve on interest-rate cuts could unravel the relentless stock rally since late October.
Even a slight push back from the Federal Reserve on interest-rate cuts could unravel the relentless stock rally since late October.
In the dynamic landscape of Wall Street where forecasts often fluctuate there is a growing consensus that inflation may be a more enduring phenomenon.
Federal Reserve is widely expected to hold interest rates steady this Wednesday during the central bank’s last policy meeting of the year.
The IRS is raising the stakes for those who underpay their taxes by ratcheting up the interest penalty that will be assessed next spring’s tax filing.
Two Federal Reserve governors in separate speeches Tuesday offered different approaches to getting inflation down.
BofA suggests after year marked by moderating inflation and resilient post-pandemic economy, US poised for interest rate reduction starting mid-2024.
Higher inflation no longer the leading concern for investors surveyed by Bank of America and worsening geopolitical conflict now sits in the top spot.