Equities subdued after strong week, investors assess Fed rate path
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- Wall St slides as hot CPI data fuels rate-hike bets; chips, banks weigh
- Oil prices steady after gains on Iran's new tactics to target tankers
- U.S. consumer prices rise by 3.7% year-on-year in September
- Bank of America stock falls on earnings miss
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Oppenheimer: Market top may not develop until 2025
March 25, 2024 1:55 PM EDTOppenheimer analysts said in a wide-ranging research note this week that a market top may not develop until 2025.
In the note, the brokerage and investment bank assessed the macro similarities to the 1987 to 1990 bull cycle that developed against central bank tightening.
"The takeaway is that the first... More
Citi says Fed will cut by 125bp this year on waning labor market strength
March 25, 2024 8:35 AM EDTCiti analysts said in a recent note that they believe the weakening in labor market data will lead to 125bp of cuts this year.
Following the dovish FOMC meeting, Citi said it increased their confidence that Fed officials were prepared to begin reducing policy rates in... More



