The market 'got ahead of itself' in expecting interest-rate cuts, according to a BlackRock strategist who warned the Fed would 'stay hawkish'

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Switzerland Nachrichten Nachrichten

Switzerland Neuesten Nachrichten,Switzerland Schlagzeilen

BlackRock's Ben Powell told Bloomberg markets were too confident that interest rates would come down faster than planned, making stocks overvalued.

The sun rises to the east of the U.S. Federal Reserve building in Washington, July 31, 2013.A BlackRock strategist said the markets were too confident the Fed would rein in interest rates.But BlackRock's Ben Powell told Bloomberg the Fed would likely"stay hawkish" on rates.

As the impact of last year's rates rises filter into the economy, the Fed is now facing calls to rein in or even reverse its hawkish stance on monetary policy. But Powell said that recent data – suggesting that inflation was slowing — wasn't likely to soften Fed chair Jerome Powell's stance ahead of this week's Federal Open Market Committee Meeting, where rates are expected to rise by 25 basis points.

"We think the market's got ahead of itself, at least in the West. We would therefore be a little bit cautious," he told Bloomberg Monday morning.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 729. in CH
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Rates will come down Q4 2023 housing will stabilize down 10-15% certain markets and jump back up just not enough supply too much pent up demand. EconTwitter commercialrealestate business interestrates

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Market Strategist Warns of 'Blood' on February 1 Ahead of Fed Meeting – Economics Bitcoin NewsWhile some investors expect a dovish Fed, the strategist argues that Powell will instead continue to implement restrictive policy. Totally agree, but I only use ChiefraFba for signals and analysis Ok great, I only listen to ChiefraFba for signals and analysis!..I have a 92% win rate in 3 months of copying his signals! Nice one, I also listen to ChiefraFba for signals and analysis!..I have a 93% win rate in 3 months of copying his signals!
Herkunft: BTCTN - 🏆 531. / 51 Weiterlesen »

Stock futures are little changed ahead of busy week of earnings, Fed meetingEarnings reports from Big Tech giants including Apple and the a possible Fed rate hike will test Wall Street's January rally. I have been following up Victoria E Morgan in trading, crypto, stocks and forex and she's been giving out good setups and analysis for a profitable trade ,her signals 99% guaranteed with her guidance I was able to get 10k in one day with good risk management WhatsApp+447378509930
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Apple, Amazon earnings, jobs data and Fed decision top week aheadThe Fed's February meeting as well as earnings from automakers, oil companies and tech companies, including the biggie, Apple, will steer financial markets this week.
Herkunft: FoxBusiness - 🏆 458. / 53 Weiterlesen »

EUR/USD reflects market tension around 1.0870 ahead of German GDP, Fed vs. ECB battleEUR/USD treads water around 1.0870-60 as markets remain on a dicey floor ahead of the key central bank meetings and data. Adding strength to the marke
Herkunft: FXStreetNews - 🏆 14. / 72 Weiterlesen »