Reported about 24 hours ago
As major banks gear up for the first quarter earnings season, Slatestone Wealth's chief market strategist Kenny Polcari warns that concerns over the Federal Reserve's policies and inflation may overshadow positive earnings reports. He emphasizes the importance of monitoring loan loss reserves to gauge banks' outlook on economic health. Polcari also asserts that the Fed should not cut rates in 2025, indicating a sentiment shift in how investors perceive the market and economic stability.
Source: YAHOO