Tag: Bannister

The Fed’s 2% inflation target is a ‘pipe dream’ and stocks are set to drop 10%, Stifel’s Barry Bannister warns

The Federal Reserve has been battling inflation for over two years now, raising interest rates and pulling liquidity from markets in hopes of cooling the economy. Despite Wall Street fears that these policies would spark a recession, the U.S. economy has proved remarkably resilient over the past few years. Consumer spending has routinely surmounted expectations; […]