Wall Street banks have begun to raise the possibility that the Federal Reserve may raise interest rates this year! Will CPI add another fire? Gold bulls may need to "temporarily avoid sharpness" now, and US stocks may have entered a "lose-lose situation"...
1. Wells Fargo: The Fed is increasingly unlikely to cut rates in March. 2. Citibank: The Fed is expected to make its next rate cut in May, after previously expecting it to do so in January. 3. JP Morgan: Given the latest non-farm payrolls data (strong), the Fed is expected to make its next rate cut in June, compared to the previous forecast of March. 4. Bank of America: The rate-cutting cycle may be over; the underlying assumption is that the Fed will keep rates on hold for an extended period of...
On December 24th, according to CNBC, a person familiar with the matter said that several large banks are planning to sue the Federal Reserve over the annual bank stress testing. The person said that the lawsuit is expected to be filed this week, possibly as early as Tuesday morning local time. The Fed's stress testing is an annual routine that requires banks to reserve sufficient buffers for non-performing loans and stipulates the size of stock repurchases and dividends. After the market closed ...