DJIA

BofA is selling US equities rally on worries that unemployment will be ‘shocking’ in 2023

BofA is selling US equities rally on worries that unemployment will be ‘shocking’ in 2023

Strategists at BofA Global Research said it is time to sell the US stock market rally ahead of a potential surge in the unemployment rate next year. “Bears (like us) worry unemployment in 2023 will be as shocking to Main Street’s consumer sentiment as inflation in 2022,” strategists led by Michael Hartnett, chief global equity …

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Jerome Powell Says Federal Reserve’s Rate Hikes Could Slow As Soon As December

Jerome Powell Says Federal Reserve’s Rate Hikes Could Slow As Soon As December

Topline Stocks jumped Wednesday afternoon after Federal Reserve chair Jerome Powell indicated a reprieve from the Fed’s most aggressive interest rate hikes in four decades is on the horizon as soon as next month, as investors pounce for any signs of progress from Powell in his war on inflation. US Federal Reserve chair Jerome Powell …

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