Recession Watch: Biggest Stock Market Rally In Years Looks ‘Overdone’ Since Fed Has Yet To Beat Inflation

of 9.1% in June. Despite the one-month reprieve, many economists cautioned against being overly optimistic. “If this constitutes improvement, we’ve set a very low bar,” says Bankrate chief financial analyst Greg McBride, adding the “pervasiveness” of inflation “remains problematic," particularly since shelter, food and energy prices—“are still seeing large and consistent increases.

Stocks have suffered since the Fed started raising rates in March, pushing the S&P down as much as 25% this year. However, the index has since pared gains to just 17%, largely thanks to hopes that the worst of inflation—and the Fed's rate hikes —may be over. Analyst Tom Essaye of the Sevens Report notes the recent rally resembles those from March and June and predicts the S&P could climb another 5%, but he's not sure the index won't plunge again.

Still trying to talk down the market eh?

It’s irresponsible of Forbes to create fear of recession when all the economic data represents slower growth, not a contracting economy. Shame on Forbes for creating panic.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

The UK economy is sliding into recession and Europe is set to follow | CNN BusinessThe UK economy shrank in the third quarter for the first time since the start of last year, signaling the start of a recession that is likely to hit Europe next. you shouldn´t compare the uk economy to the european economy a big evidence that Russian is winning the war, Nope! Christmas and the World cup will stop that happening!
Fonte: cnni - 🏆 326. / 59 Consulte Mais informação »