Stock Market Outlook: Retest of June Lows Still Possible After Rally
Stock rallies have been fleeting since June, and one key indicator suggests a looming reversal, UBS's Art Cashin said Friday.
Source: businessinsider.com
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Why a Fed pivot on interest rates is just wishful thinking | South China Morning Post
Market talk that interest rates could peak soon is just talk. With US inflation still elevated and the jobs market holding up, the Fed has no reason to stop the hikes. Even if it is closer to the end of its hiking cycle than it is to the beginning, it is likely it would want to linger at the top of its hiking cycle before it starts to cut rates.
Source: scmp.com
Stock Market Outlook: a Fed Pivot From Big Rate Hikes Still Coming
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.
Source: businessinsider.com
Fed Is Getting Off the 'Hamster Wheel' of Jumbo Rate Hikes, Says Minerd
The Guggenheim CIO also said the Fed's acknowledgement of lags in monetary policy opens the door to a pivot by the US central bank.
Source: businessinsider.com
Stock Market News Today: US Stocks Drop After Fed Delivers Big Rate Hike
The Fed issued another 75bp rate hike on Wednesday, bringing the fed funds rate to its highest level since 2008 as it struggles to tame inflation.
Source: businessinsider.com