Page 5 - Fed Pause News Today

"It seems to be that we're in a bottoming process. I think that the market has certainly discounted a great deal of what the Fed is going to do."

The number of new jobs created in a month could plummet to 100,000 by March, forcing a pivot by the central bank, Pantheon said in a note.

A Fed pivot from aggressive rate hikes is coming - and the central bank needs to stop flinching at rising stock prices, Fundstrat's Tom Lee said.

JPMorgan Asset Management strategist Gabriela Santos put the odds of a recession at 50% today, compared to normal levels of 15%.

The Fed will be challenged to stick a soft-landing at this point, top economist Mohamed El-Erian warned.

Market sentiment and uncertainty over Fed policy is set to improve next year, which could give an big boost to stocks, Jim Paulsen said.

"All of this, in our view, are reasons that any equity rally should exceed that seen in July, which was the 'false dawn of a Fed pivot,'" Lee said.

The market is in the midst of a technical rally that could last through Thanksgiving, and an end to the bear market may be in sight by early 2023.

The Fed will slow its pace of rate hikes to prevent something breaking in the financial system, Mohamed El-Erian said.

Fed policy in 2022 has been akin to "the inmates running the asylum," billionaire Starwood founder Barry Sternlicht said in an interview with Fortune.