Page 16 - Fed Pivot News Today : Breaking News, Live Updates & Top Stories | Vimarsana

"I would get ready for a very volatile January. I think that the higher the market goes in December, the worse it's going to be in January."

Investors desperate for good news are all too ready to entertain the possibility that US inflation has peaked and the Chinese economy is reopening. Instead of overplaying policy tweaks, they ought to focus on the underlying issues that will determine whether the hoped-for shifts materialise.

"Almost by definition, once it stops hiking, it's easing. And does that work against everything the Fed is trying to achieve?"

"We don't think we've hit yet the sort of conditions that we would typically see in a genuine trough in the bear market."

The inflation shock is over, but expect prices to remain sticky, strategists at Bank of America said.