Investors should brace for a potential slump in US stocks, as this year's rally looks increasingly unsustainable given the risk of higher interest rates, according to Wells Fargo's global market strategist.
Even if the Fed refrains from another rate hike at this week's review,"we don't think the Fed stays on hold for very long — inflation is just too sticky," he added.
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U.S. stocks open higher as investors prepare for inflation data, Fed meeting this weekU.S. stocks opened modestly higher Monday, as investors prepare for a busy week on the economic calendar including the CPI and the Federal Reserve’s interest-rate decision. The Dow Jones Industrial Average was up 0.2% soon after the opening bell:
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Stock market today: Asian shares mixed as investors await Fed policy decision, price dataShares were mixed in Asia on Monday after the S&P 500 logged its fourth winning week in a row, while investors await another decision by the Federal Reserve on interest rates.
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