Financial market 'pause party' makes Fed rate cut less likely

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Risk-taking has been the rage since the Federal Reserve quit hiking interest rates at the end of last year. U.S. stocks are back near record highs ...

WASHINGTON/NEW YORK: Risk-taking has been the rage since the Federal Reserve quit hiking interest rates at the end of last year. U.S. stocks are back near record highs and investors are stockpiling the lowest-grade corporate bonds with only a smidgen of extra compensation for the added risk.

Wall Street celebrates the Fed's 'pause: https://fingfx.thomsonreuters.com/gfx/mkt/11/9740/9650/Pastedper cent20Image.jpg In their critiques of the Fed, U.S. President Donald Trump, White House chief economic adviser Larry Kudlow, and possible Fed nominee Stephen Moore have argued that lower rates would allow faster growth and be in line with Trump’s economic plans. They contend that, with the risk of inflation low, the central bank does not need to maintain 'insurance' against it by keeping rates where they are.

Keeping an eye on stock valuations: https://fingfx.thomsonreuters.com/gfx/mkt/11/9738/9648/Pastedper cent20Image.jpg

 

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