Wall Street Strategists Unfazed by Revised Fed Expectations, Bullish on Stock Market Rally from seven sins Watch Video

⏲ Duration: 0:39
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✓ Published: 12-Apr-2024

Description:
Investors have adjusted their expectations for Federal Reserve interest rate cuts to only two in 2024, down from the previously anticipated seven cuts. However, Wall Street strategists maintain that the resilience of the stock market suggests that these revised expectations for Fed policy will not hinder the ongoing rally in stocks. Strategists say the most important part of the Fed discussion remains that easing is still in the pipeline. Limited signs of high interest rates slowing corporate earnings or US economic growth have encouraged bulls. Consensus estimates are for earnings growth to pick up throughout 2024.