Name: Jerome Powell could spark a serious stock market surge—even though he’s not cutting rates, Wall Street guru Ed Yardeni says
Uploaded: 2024-06-06T17:15:11-04:00
Duration: 5 min
Description: Investors will be closely watching Federal Reserve Chairman Jerome Powell’s press conference after next week’s rate-setting meeting. Federal Open Market Committee (FOMC) officials are widely expected to hold interest rates steady on June 12, as inflation has stuck well above its 2% target and consumers are proving largely resilient to higher borrowing costs. But with […]

Tag: Yardeni

Jerome Powell could spark a serious stock market surge—even though he’s not cutting rates, Wall Street guru Ed Yardeni says

Investors will be closely watching Federal Reserve Chairman Jerome Powell’s press conference after next week’s rate-setting meeting. Federal Open Market Committee (FOMC) officials are widely expected to hold interest rates steady on June 12, as inflation has stuck well above its 2% target and consumers are proving largely resilient to higher borrowing costs. But with […]

Ed Yardeni Is Getting Nervous About the Speed of S&P 500’s Rally

(Bloomberg) — Just twenty-four days into 2024, and the S&P 500 has already blown past the Wall Street consensus over where the index will finish the year. Most Read from Bloomberg Helped by advances in Nvidia Corp. and Microsoft Corp, the world’s most watched equity benchmark is again on the up in Wednesday trading. Rising […]