Traders spooked by Wednesday’s hotter-than-expected inflation print need not to worry, according to Jefferies’ David Zervos, who says risk assets can thrive with or without interest rate cuts by the Federal Reserve. The S&P 500 Index dropped more than 1% Wednesday after the latest consumer price index topped economists’ forecasts, renewing concerns that the Fed … Read more
As economic trends drive stock markets in the US and China onto wildly divergent paths, analysts said China needs to address systemic issues and loosen capital controls to change course and become a financial superpower, a goal its leaders have put forth on multiple occasions. US stocks are hitting record highs, with tech giants such … Read more
Investors are facing a pivotal week as a key measure of inflation that hits Tuesday and the Federal Reserve’s interest-rate decision on Wednesday are expected to set the tone for the stock market and economy heading into 2024. Growing speculation that the Fed is done hiking rates and will start cutting by mid-year is fueling … Read more
