U.S. stocks rise after better than expected monthly inflation data
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Here's why the Fed's 'higher for longer' stance could boost Japan
September 29, 2023 2:08 PM EDTWhile inflation is a headwind for global stocks, analysts at BofA and JPMorgan believe it acts as a tailwind for one country's equity markets.
In a note to clients this week, BofA analyst Masashi Akutsu told investors that the US Federal Reserve's "higher for longer" stance "could help Japan complete its exit from deflation."
"The market could start to rise from around November. We expect an... More
