Analyst Predicts Stock Market Surge based on Powell's Actions

Thursday, 6 June 2024, 17:58

Wall Street analyst Ed Yardeni predicts a potential stock market surge even without rate cuts if Federal Reserve Chair Jerome Powell adopts a dovish tone. Yardeni currently sees a 20% chance of a 'melt-up' in the stock market, with the possibility of higher odds if Powell signals a more accommodative stance.
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Analyst Predicts Stock Market Surge based on Powell's Actions

Analyst Predicting Stock Market Surge

Wall Street guru Ed Yardeni foresees a potential stock market surge, emphasizing the impact of Federal Reserve Chair Jerome Powell's tone on market dynamics. Yardeni hints at increased odds of a 'melt-up' scenario if Powell leans towards a dovish stance.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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