The Fed just convinced markets it's not behind the curve
Published On Sep 19, 2024, 1:14 PM
The Federal Reserve is signalling to the markets that it is taking proactive steps to manage inflation and economic stability, alleviating concerns that it is falling behind in its monetary policy responses. This has helped restore some confidence among investors, who were previously worried about the potential for tightening measures affecting the economy negatively.
Stock Forecasts
XLF
Positive
With the Fed taking decisive action regarding interest rates and inflation management, conditions may improve for growth in sectors like financial services and commodities. Increased investor confidence can lead to stock price gains in these areas.
QQQ
Negative
Investor sentiment is likely to shift positively towards equities as the Fed's confidence boosts market stability, but higher interest rates could pressure growth-oriented technology stocks in the short term.
Related News
JPMorgan touts 'soft landing' possibility after better-than-feared earnings
Oct 11, 2024, 11:03 AM
Profits at JPMorgan and Wells Fargo both fell from the year-ago period, but those declines were less than what analysts expected.
Stock market today: Stocks rise amid big bank earnings, inflation data
Oct 11, 2024, 10:21 AM
JPMorgan and Wells Fargo get earnings season going in earnest while a wholesale inflation print is in focus after the CPI surprise.
Andersen Capital Management CIO Peter Andersen joins 'Mornings with Maria' to discuss big bank earnings and weighs in on the Federal Reserve's handling of rate cuts.