Bank of America warns that dovish interest rate cuts by the Federal Reserve could affect the stock market's rise at the end of the year
2025-12-05 11:28:39
Bank of America strategists have warned that if the Federal Reserve is overly cautious about the economic outlook, it could jeopardise the year-end rally in stocks. The S & P 500 is near its all-time high, and investors expect the Fed to cut interest rates and bring inflation down, but BofA strategist Michael Harnett pointed out that this optimism will be tested if the Federal Reserve sends a dovish signal at next week's meeting, which could suggest that the economy is slowing more than expected. (Golden Ten)
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