News list for " wfp"
Wall Street strategist Ed Yardeni said that US stocks could soar to new highs thanks to the Federal Reserve's sharp interest rate cut last week, but could also lead to a return to inflation if Fed officials are not careful. The latest policy decision raises the probability of a "complete meltdown" in stock prices - like the S & P 500's 220% surge from 1995 to the end of the last century during the dotcom bubble - from 20% to 30%. He believes...
Scott Helfstein, head of investment strategy at Global X, said the Fed wants to start a rate-cutting cycle without triggering an asset bubble, but a 50 basis point cut could be too aggressive. We have already seen the Fed cut rates by 50 basis points ahead of time, which could be seen as the Fed's concern about a weaker economy. However, strong fundamentals in the coming weeks could calm markets and may keep money out of the market.
Robert Mialich, foreign exchange strategist at UniCredit, said the Federal Reserve could cut interest rates by 25 basis points next week instead of 50 basis points, which would be good for the dollar but have little impact. Mialich said a 25 basis point cut means the Fed is not planning to ease policy aggressively, which could prevent the dollar from falling further but is unlikely to trigger a strong recovery. "EUR/USD could continue to trade above 1.10," he said. However, if the Fed cuts inter...
1. Xiaomo: The Federal Reserve is still expected to cut interest rates by 50 basis points next week. 2. Goldman Sachs: It is currently speculated that the Federal Reserve will cut interest rates by 25 basis points for the first time, and it is expected to see two or even three rate cuts. 3. Citi: Lower the Fed's interest rate cut bet, and it is expected to cut interest rates by 25 basis points in September. 4. Damo: The CPI data has been in line with the 25 basis point rate cut expectation. 5. D...
