Stocks fell last week, with the S&P 500 shedding 0.8% to end at 5,459.10. The index is now up 14.4% year to date and up 52.6% from its October 12, 2022 closing low of 3,577.03.
The calls for the Federal Reserve to begin cutting interest rates sooner than later have been getting louder.
The resistance to these calls seems to be the suggestion that an initial rate cut would represent some monumental dovish shift in monetary policy at a time when concerns about inflation haven't been fully put to rest.
But it's not obvious to me that one rate cut is so big of a...
Login or create a forever free account to read this news
Sign up/Log in