Speaking at an event at The Economic Club of Washington, D.C., Powell said Tuesday that inflation is beginning to ease but that he expects the "disinflationary process" to be a long one, and cautioned that interest rates could rise more than markets anticipate if the economic data doesn't cooperate.The major U.S. averages initially jumped during the remarks, before briefly falling into negative territory, and then closing higher.
Sharon Bell, European strategist at the investment bank, said the two value sectors are set to do well as economic growth remains robust. Goldman forecasts global GDP to grow slightly above 2% this year — higher than was forecast by economists just a few months ago.CNBC Pro: Wall Street pros reveal their top defense stocks — and the same names keep coming up
As geopolitical tensions return and defense spending ramps up, the sector is looking attractive, according to Wall Street pros.
Bullish 2023. Take care bears . They manipulated market , covid = bullish, recession = bullish
It’s tough to see how Powell said anything overwhelmingly positive.
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