Reported 11 months ago
The recent robustness of the economy is sustaining stock market growth, despite earlier predictions of rate cuts by the Fed. With the S&P 500 hovering near all-time highs and the likelihood of a rate cut in November at 91%, stock markets appear buoyed by strong economic indicators such as job reports and retail sales. While concerns over inflation persist, the chance of a market recession seems to have diminished, showcasing a complex yet optimistic economic outlook.
Source: YAHOO