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.
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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.
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.
A pause in rate hikes could lead stocks exceed the rally seen in July, when investors had first started hoping the Fed would pivot from its rate hikes.
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The CPI data will be the last one the Federal Reserve sees before its May meeting. It is expected to hike rates by 50 basis points at its meeting.