The rally lifting U.S. stocks to fresh 2023 highs in the year’s home stretch could be at risk if the Federal Reserve on Wednesday crushes expectations for interest-rate cuts in 2024.
“I manage my mother’s finances, but I have always treated it as her money and not mine to spend or control. If she wants to give him money, she gives him money.”
Market-implied expectations for inflation over the next 10 years are slipping closer to 2% amid renewed confidence that the Federal Reserve will manage to control price gains in the long run.
John Flood, a managing director at Goldman Sachs who works in its trading business, says there is a “new dynamic” in that the market will dislike extreme jobs data changes in either direction.
India’s stock market hit a fresh record high this week, propelling its value above $4 trillion for the first time and leaving it in a close battle with Hong Kong for fourth spot in the global ranking.
There isn’t a compelling reason to choose between large-cap value and growth stocks in 2024 as high levels of uncertainties still linger, says DataTrek Research.
Republican presidential hopeful Nikki Haley pushed back when pressed at Wednesday’s primary debate on whether she’s too tight with billionaires and corporate interests, saying those supporters won’t affect her stances on key issues.