Fed's a Bigger Problem Than Omicron, Morgan Stanley Says
JPMorgan and other market strategists have also singled out hawkish turn by central banks as the main risk to their outlook for stocks over Covid-19.
JPMorgan and other market strategists have also singled out hawkish turn by central banks as the main risk to their outlook for stocks over Covid-19.
More hawkish rhetoric from the Federal Reserve and the spread of the omicron variant are unlikely to derail the rally in stock markets.
Investors will need to be more disciplined as the Federal Reserve chief signals that the Fed won't be as dovish.
Yellen not concerned about unprecedented levels of fiscal support injected into US economy as it battles against effects of coronavirus pandemic.
Investors can expect stepped-up Fed communication of an evolving outlook for employment and inflation that stresses flexibility.
Bond fund flows reflect the shifting risk appetite. Investors pulled nearly $4 billion from U.S. investment-grade bond funds in week ending Dec. 1.
White House press secretary Jen Psaki refused to rule out tax cuts for people with incomes above $400,000 in Pres. Biden’s nearly $2 trillion bill.