Before the Bell: Wall Street rises despite interest rate bet reset
All three US benchmarks closed the week higher as strong jobs data did little to dent hopes for a 2024 pivot to rate cuts.
Source: afr.com
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Bond traders to face a reality check with jobs report
Employment and wage growth are expected to have moderated last month; a miss could trigger a market reversal.
Source: afr.com
Fed, with rates at a peak, now looks at a hold and an eventual pivot lower
U.S. Federal Reserve officials appear on track to end the year with interest rate hikes as a thing of the past but with a coming challenge over when and how to signal a turn to rate cuts that...
Source: marketscreener.com
Bank of America, Deutch Bank both predict interest rate cuts in 2024
Bank of America and Deutsch Bank both released outlooks predicting the Federal Reserve will cut interest rates next year. The latter says the U.S. will enter a "mild recession."
Source: foxbusiness.com
S&P 500 At 5,000 In 2024? Bank of America's Optimistic Forecast Diversifies Beyond Magnificent 7 - Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN)
Bank of America forecasts S&P 500 to reach 5,000 points by 2024, a 10% leap from current standings. Cyclicals and automation to drive growth, while tech faces regulatory scrutiny, crowding and valuation risks.
Source: benzinga.com