JPMorgan Chase CEO Jamie Dimon. Kimberly White/Getty Images JPMorgan CEO Jamie Dimon said there’s a chance the Federal Reserve will keep hiking rates. The central bank would be right to pause, he said, but given the stubbornness of inflation, they’re ...
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Posted in 2023 inflation outlook, fed chair testimony, fed inflation, Fed inflation outlook, fed interest rates, Fed rate hikes, FundStrat, hawkish comments, interest rates outlook, Markets, MI Exclusive, Monetary tightening, Powell, Stock Market Outlook, Stock Rally, Tom Lee
The rally in stocks won’t be swayed by a hawkish Powell, as falling inflation still points to a 20% gain for the market this year, Fundstrat says
BrightPhoto by Cindy Ord/Getty Images for Yahoo Stocks are still set for a 20% gain this year thanks to falling inflation, Fundstrat’s Tom Lee said. Lee made the case for a rally despite Powell’s hawkish testimony before Congress on Tuesday. ...