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No longer a case of "The Boy Who Cried Wolf"? The New York Federal Reserve comments that this time, "Powell Pivot" will be more sustainable than at the end of last year.
Nowadays, the threshold for Fed rate cuts is lower than in previous months and the situation has changed. Powell believes that inflation is returning to normal and the labor market is clearly weakening, further weakness is unnecessary and unwanted.
AllianceBernstin Looks to Q3 and Highlights Global Growth, Inflation, Rates, and Yields
BMO Capital Markets Spotlights Five Things Investors Should Consider as 2H Kicks off
Yellen and Powell agree: the US labor market is weakening the push for inflation, and inflation pressures may continue to ease.
The current labor market is no longer the primary factor driving inflation in the US economy, as it was in the early stages of the pandemic recovery.
State Street Outlined Three Reasons Why Markets May Continue to Trend Higher
BMO Says S&P 500 Bull Case of 6,000 Appears Feasible With Backdrop Supportive for Stocks
BMO Capital Markets said its 5,600 year-end call for the S&P 500 (SP500)(SPY)(IVV) may end up being conservative as momentum continues to run strongly in the market.