'No More Fed Hikes!' Economist Declares End Of Inflation Frenzy, Urges FOMC To Stop Tightening Now
Portfolio Pulse from Piero Cingari
Economist Robin Brooks declares the US inflation shock is over and urges the Federal Reserve to stop hiking interest rates. May's Consumer Price Index inflation gauge fell more than expected, and the market predicts a pause in rate hikes at the upcoming FOMC meeting.
June 14, 2023 | 2:24 pm
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POSITIVE IMPACT
The end of the US inflation shock and a potential pause in interest rate hikes may impact the overall market, including the SPDR S&P 500 ETF (SPY).
The end of the inflation shock and a potential pause in interest rate hikes may lead to a more stable market environment, which could positively impact the overall market, including the SPDR S&P 500 ETF (SPY). A pause in rate hikes may lead to increased investor confidence and a potential boost in stock prices.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50