Prepare for a slump in US stocks as the Fed continues its battle against sticky inflation, Wells Fargo's top strategist says
Investors should brace for a potential slump in US stocks, as this year's rally looks increasingly unsustainable given the risk of higher interest rates, according to Wells Fargo's global market strategist.
Even if the Fed refrains from another rate hike at this week's review,"we don't think the Fed stays on hold for very long — inflation is just too sticky," he added.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
U.S. stocks open higher as investors prepare for inflation data, Fed meeting this weekU.S. stocks opened modestly higher Monday, as investors prepare for a busy week on the economic calendar including the CPI and the Federal Reserve’s interest-rate decision. The Dow Jones Industrial Average was up 0.2% soon after the opening bell:
Weiterlesen »
'Don't chase this equity rally': Wells Fargo strategist has a warning for investors ahead of Fed meetingWells Fargo's Paul Christopher is not convinced the Federal Reserve will cut rates and says there's a risk that stocks go downhill from here.
Weiterlesen »
48th annual Wells Street Art Festival happening in Old TownThis year, nearly 200 local and national arts will line the street featuring hundreds of pieces available for purchase.
Weiterlesen »
Day Trips: Camp Hot Wells, San AntonioDAY TRIPS: Camp Hot Wells revives the essence of what was once San Antonio's most storied hot mineral water resort.
Weiterlesen »
Stock market today: Asian shares mixed as investors await Fed policy decision, price dataShares were mixed in Asia on Monday after the S&P 500 logged its fourth winning week in a row, while investors await another decision by the Federal Reserve on interest rates.
Weiterlesen »