Amid signs that inflation pressures are finally ebbing, setting up what has historically been a bullish stretch, the S&P 500 Index is a mere 5.4% below its all-time peak. It s a backdrop that raises the stakes for this week s pivotal central bank meeting, with economists still debating whether a recession is ahead this year.
Wall Street is waiting to see if the US Federal Reserve pivotal meeting this week will derail the rally that has pushed the S&P 500 to just 5.4 per cent of a record.
(Bloomberg) Don’t belittle Corporate America’s famous profit engine.Most Read from BloombergUS Homeowners Are Tapping $9 Trillion in Real Estate WealthHistory Says It’s Time to Buy Long-Term Bonds as Peak Rates NearTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’Tesla Starts Cybertruck Production Two Years Behind ScheduleBlackRock’s Rieder Says US Doesn’t Have to Fall Into RecessionEquity strategists are boosting earnings forecasts for the S&P 500 Index over the coming year f
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