Bank of America analyst Michael Hartnett says investors should consider selling U.S. stocks if Trump's victory triggers a rally in stocks. That echoes Citigroup's view earlier this week. If Trump wins and gains a Republican majority in the Senate and House of Representatives, it could lead to tax cuts and immigration controls. That would push inflation and interest rates higher, putting stocks at risk. Wall Street's biggest...
The Federal Reserve's Bostic said that if inflation decreases, interest rates will continue to decline.
Rehn, the European Central Bank's governing council, said interest rate cuts could continue if confidence in the slowing trend of inflation grew.
Bernstein analysts have said that if Republican candidate Donald Trump wins the US Presidential Election, the market has not yet factored in a positive shift in cryptocurrency regulation. Analysts say the price of bitcoin has responded positively to the improved odds of a Republican victory, giving confidence to Trump's pro-cryptocurrency stance.
Simkus, the governing council of the European Central Bank, said the assumption that the ECB will cut interest rates twice more in 2024 could prove correct if the economy develops as officials predict. "If the data develops as expected, the expectation of two more rate cuts this year is in line with my own thinking," he said in an interview. He said officials should be ready to take action at any meeting, not just at the quarterly meeting where new economic forecasts are presented, but if it is ...