Wall Street has been fixated on what Federal Reserve Chairman Jerome Powell might say Friday at the annual Jackson Hole, Wyo., economic symposium for clues about the central bank’s next steps on interest rates.
While the speech will matter, stock-market investors should also pay heed to weaker U.S. economic data, including falling home prices and slumping sales that point to a sputtering housing market, said Kevin Gordon, senior investment research manager at Charles Schwab & Co., in an interview Wednesday.
“The downside is the negative ripple effects, and how much of a role housing plays in the wealth effect,” Gordon said. The big debate now is whether a U.S. recession already has been priced into markets. The sharp summer rally in stocks in July and early August has been largely on pause in recent sessions, even after the S&P 500 index SPX and Dow Jones Industrial Average DJIA on Monday booked their sharpest daily declines in about two months.
The market has been pricing in roughly a 3.75% peak policy rate by mid-2023, from a 2.25-2.50% range currently, he said, with a “fairly quick reversal of some of those hikes” later in the year.
Abnb criminal probe crash 00000
Abnb criminal probe 0000
Idk man, if he doesn't double down on being a hawk, the green in stocks will be epic
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
ソース: CNBC - 🏆 12. / 72 続きを読む »
ソース: RealGM - 🏆 580. / 51 続きを読む »