believes the Federal Reserve has finished raising interest rates in its fight against inflation, and the stock market could grind higher this year." of the Fed's rate-hiking campaign. "They could probably declare victory now because if you look at CPI, it's been declining 12 straight months. ... That's never happened before in history."The central bank has raised interest rates 10 times since March 2022, taking the fed funds rate to a target range of 5%-5.
"Equity prices ... I think they're going to continue to go up this year," Jones said. "I'm not rampantly bullish because I think it'll be a slow grind."Adam Galica | CNBC Jones shot to fame after he predicted and profited from the 1987 stock market crash. He is also the chairman of nonprofit Just Capital, which ranks public U.S. companies based on social and environmental metrics.
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