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U.S. Recession Fears Are Receding, According to UBS
Fed rate cut is imminent! Wells Fargo & Co: the US stock market will usher in a bull market comparable to 1995.
Paul Christopher, global investment strategist of Wells Fargo & Co, said that the US stock market is about to see an unprecedented rise in 30 years; the current market has similarities with the market in 1995, when the stock market was booming and the S&P 500 index hit 77 historical highs; investors may currently face an environment similar to that of 1995-inflation is declining, and the economy has not collapsed.
Unexpectedly strong July retail sales data helping to push up US bond yields.
The unexpectedly strong July retail sales data released on Thursday eased concerns over the US economic downturn and led to the largest single-day increase in the two-year US Treasury bond yield in four months.
U.S. ETF Movers for Thursday | SOXL Was the Top Gainer While SOXS Was the Top Loser
Treasury Yields Jump After Strong Retail Sales Figures and a Dip in Jobless Claims
How does Wall Street view CPI? The increase in housing inflation will not hinder the trend of interest rate cuts, and traders are betting on a 25 basis point rate cut in September.
Wall Street analysts have indicated that the July CPI data may further pave the way for the Fed to lower interest rates by 25 basis points in September. Next, the Fed will focus on the labor market. If employment weakens, a larger cut of 50 basis points may be needed. Some analysts have said that although housing inflation has ceased its downward trend, it is not a major concern.
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