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Good economic news translating 'into bad market results': Strategist

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The U.S. labor market has been constantly at odds with the Fed's monetary policy and goals to contain inflation. 'Even by the Fed's own estimates, according to their summary of economic projections, they believe the unemployment rate's going to increase to 4.1% by the end of this year,' Hennion & Walsh CIO Kevin Mahn tells Yahoo Finance Live, breaking down the economic trade-offs resulting from the Fed's 'higher for longer' interest rate projections. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

The U.S. labor market has been constantly at odds with the Fed's monetary policy and goals to contain inflation."Even by the Fed's own estimates, according to their summary of economic projections, they believe the unemployment rate's going to increase to 4.

We also see the pace of delinquencies start to increase at their highest pace in over 10 years. If the consumer shifts to having to service their debt away from consumer spending, the economy will slow down further. Rates will likely stay higher for longer as the Fed has been suggesting.

Open Text stock is too cheap to ignore, despite a recent fine run. A recent acquisition and organic revenue growth could power OTEX stock to new highs in 2024. The post Up 17 Percent in 2023, Is Open Text Stock a Buy Now? appeared first on The Motley Fool Canada.

Trump attacks the judge in his fraud trial, saying he's 'getting away with murder,' while standing directly outside his courtroom door

 

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Market rally relying on recession being 'punted' to 2024: StrategistEntering 2023's fourth quarter following the Fed's rate pause and a shaky September session, how are markets expected to close out the year? Key Advisors Wealth Management CEO and Co-Founder Eddie Ghabour sits down with Yahoo Finance Live to discuss potential market rallies amid inflation and recession woes. 'You could see a flow of funds pour into the equity markets and get the Santa Claus rally that so many are accustomed to seeing,' Ghabour says, later adding: 'I expect October to be pretty volatile. But, again, if we can get through that noise and get through the Fed, I think there's a high likelihood you'll see the markets rally at the end of the year.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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