Reported about 2 months ago
As the 2024 Jackson Hole Economic Symposium approaches, investors are anticipating heightened market volatility driven by mixed economic data, the potential for Federal Reserve interest rate cuts, and the uncertainties of an election year. BCA Research's chief strategist Irene Tunkel highlights that while the market seems optimistic, stock valuations appear high and may not sustain new highs. The outcome of Fed Chair Jerome Powell's speech and the subsequent rate-cutting cycle could lead to unexpected market reactions.
Source: YAHOO