The upcoming CPI data is predicted to keep the Federal Reserve from making any interest rate hikes. If everything goes according to expectations, bond yields will continue to decrease, fueling the end-of-year equity rally theory. Bank of America’s latest forecast suggests that most investors anticipate the 2024 investment playbook to revolve around a Federal Reserve …
Italian Prime Minister Giorgia Meloni. Antonio Masiello | Getty Images News | Getty Images Italian Prime Minister Giorgia Meloni is making waves in her home country after successfully gaining support from her more moderate counterparts in Brussels. On August 8, Italy’s announcement of a 40% windfall tax on banks caused a 2.7% drop in Europe’s …
A major financial services CEO cautions that the economy has not yet fully absorbed the impact of higher interest rates. Thomas Michaud, CEO of Stifel company KBW, points out that there is a delayed reaction in the market following the last rate hike. He emphasizes that a 25 basis point increase at a 5% rate …