Ignore a more hawkish Federal Reserve at your own peril, warns RBC Capital Markets head of U.S. equity strategy Lori Calvasina.
“They [our strategists] think the market is too sanguine. They think people are underestimating the number of hikes in 2023 and how high the Fed could ultimately go,” said Calvasina on Yahoo Finance Live.
The markets have rallied back to within all-time highs this week as traders push aside a shift in the tone by Federal Reserve chief Jerome Powell just one week…
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