Fed Raises Rates as Expected, Stocks Tumble
Fed Chairman Jerome Powell emphasized that the Fed is monitoring the impact of recent banking events but is still committed to reducing inflation to 2%.
Despite downturn, the $684.5 billion fund’s losses were offset by an increased allocation to alts.
Maintaining a position just short of a recession is almost impossible to do, the research shop says.
The Wall Street heavyweight’s forecasts for each coming year have done well over three decades, coupling conventional wisdom with unorthodox guesses.
Growth stocks rebound, banks are vulnerable, consumer staples rule—all those shibboleths are so last year, the firm’s CIO, John Linehan, says.
Despite Fed uneasiness, higher pay isn’t really pushing inflation, per the firm’s David Kelly.
The easy answer is a rebounding economy. But that’s not the sole factor, a Northern Trust Asset Management study finds.