According to the veteran trader, the market will not experience any real rally until rates stabilize at any level.The stock market is very sensitive to changes in monetary rates as instituted by the United States Federal Reserve. With the massive inflation being recorded over the past year, the Feds have been very uptight in increasing interest rates.
With the recently released Personal Consumption Expenditure Index, the Fed's preferred inflation gauge, a 5.4% growth year-on-year was recorded, fueling the likelihood of a return to hawkish rate hikes.
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