Here’s what 7 rate hikes from the Fed may do to the stock market

If the Federal Reserve raises interest rates seven times this year as Bank of America head of global economics Ethan Harris predicted in a new call, the stock market won’t be immune from those hikes.

“I think it’s a flattish market, to be honest,” Harris told Yahoo Finance Live on Monday. “I think for now we have had the near-term corrections and the markets had to deal with the fact that the Fed isn’t going to be completely friendly going forward. They helped drive the stock market. Now they…


Source link

About search

Check Also

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

[unable to retrieve full-text content]European Stocks Drop With US Tech Rally Faltering: Markets Wrap  Yahoo Finance …

Leave a Reply

Your email address will not be published. Required fields are marked *