Chair of the Federal Reserve of the United States Jerome Powell speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing on the Semiannual Monetary Policy Report to Congress at the U.S. Capitol on July 9, 2024 in Washington, DC. Powell in earlier remarks was quoted, "we want to be more confident that inflation is moving sustainably down toward 2% before we start the process of reducing or loosening policy."Bonnie Cash/Getty ImagesCentral bankers will want to support stocks, according to Fundstrat's Tom Lee.That's because the Fed wants a "healthy economy," a big component of which is a strong stock market, he said.
The 'fed Put' Is Back. Here's Why Central Bankers Will Want To Support The Stock Market, According To Fundstrat's Tom Lee.
jsor@businessinsider.com (Jennifer Sor), Business Insider
Wed, 09/18/2024 - 7:02am
Topics: federal reserve united states jerome powell senate banking housing urban affairs committee semiannual monetary policy report congress u.s capitol july washington dc powell bonnie cash/getty imagescentral fundstrat's tom s&p the fed americans affirm cme fedwatch business insider fed a us tom lee stocks investors economy strong cuts positive recession cut supporting supportive decline pricing control big
BING NEWS:
- The 'Fed put' is back. Here's why central bankers will want to support the stock market, according to Fundstrat's Tom Lee.
A 30% decline in the stock market would "almost guarantee" a recession, which is one reason why Fed put is back on, Fundstrat's Tom Lee said.
09/18/2024 - 4:00 am | View Link - Get ready for stocks to embark on a weekslong rally after the Fed cuts rates, Fundstrat's Tom Lee says
Traders see a 61% chance the Fed will cut rates 50 basis points at its upcoming policy meeting, per the CME FedWatch tool.
09/16/2024 - 5:02 am | View Link - Fundstrat’s Tom Lee Forecasts Multi-Week Market Rally, Says Investors Can Be ‘Pretty Confident’ Over Next Year
Fundstrat's Tom Lee is anticipating several weeks of good performance for the stock market following this week's Federal Open Market Committee (FOMC) meeting.
09/15/2024 - 3:30 am | View Link - The Fed is finally about to start cutting rates — and here’s why you shouldn’t care
The fed-funds rate and 10-year Treasury yield are historically quite normal long-term. So don’t sweat central banks — hawkish or dovish. It’s all birdbrained. Enjoy this bull market.
08/26/2024 - 12:00 am | View Link - Fed mortgage bond holdings play 'central' policy rule, paper says
The paper takes stock of how the Fed uses increases and contractions ... of housing financing factors in the U.S. economy. But economists and central bankers have long struggled to measure the ...
08/24/2024 - 4:02 am | View Link - More
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