Investing.com -- Investors should “purchase a neck brace” in January, Yardeni Research said, predicting more market volatility as Donald Trump prepares to retake office. This volatility, driven by potential policy changes under Trump 2.0, could present more buying opportunities.
Chicago Fed President Austan Goolsbee, in a Friday interview with CNBC, said that over the next year to a year and a half, there is potential for significant to “go down a fair amount,” emphasizing that the timing of such changes is less important than the overall reduction in inflation. “Did November's PCED inflation rate justify the"never mind" reversal of the market's sentiment about the outlook for rate cuts in 2025? It might have,” Yardeni noted.Federal Reserve Chair Jerome Powell commented on the October PCED readings during his post-FOMC press conference on Thursday, noting that while progress has been made in controlling inflation, the policy must “remain restrictive to get that work done.
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