Bank of America warns: Fed's dovish rate cut could end stock market rally

6j yang lalu

U.S. Bank strategists warn that if the Federal Reserve takes an overly cautious attitude toward the economic outlook, it could jeopardize the year-end stock market rally. As the S&P 500 index approaches historic highs, investors are hoping for the ideal scenario — the Federal Reserve cutting interest rates alongside easing inflation while the economy remains resilient. However, Bank of America strategist Michael Hartnett points out that if the Fed signals a dovish stance at next week's meeting, this optimism will be tested, as it may imply the economic slowdown is worse than expected. Hartnett wrote in a report: "The only thing that could kill the 'Santa Claus rally' is a dovish rate cut triggering a sell-off in long-term bonds." He is referring to longer-term U.S. Treasury bonds.
bullishbullishbullishBullishbearishbearishbearishBearishSukaBagikan
PenafianKonten diatas tidak merepresentasikan posisi HTX.HTX tidak memberikan rekomendasi perdagangan apa pun.

Artikel Terkait

  • Image

    Polish lawmakers fail to revive controversial crypto bill after presidential veto

  • Image

    Bitcoin’s Latest Drop Isn’t Just Another Correction, But A Clear Capitulation Event – Here’s Why

  • Image

    New Crypto Bank Launches In The US – CEO’s Remarks And Contrasts With Signature Bank

Semua Komentar0TerkiniHangat

TerkiniHangat
noContent

Tidak ada catatan

Artikel Terkait

  • Image

    Polish lawmakers fail to revive controversial crypto bill after presidential veto

  • Image

    Bitcoin’s Latest Drop Isn’t Just Another Correction, But A Clear Capitulation Event – Here’s Why

  • Image

    New Crypto Bank Launches In The US – CEO’s Remarks And Contrasts With Signature Bank