May 13, 01:44 PM

Stifel's Barry Bannister Warns of 500-Point S&P 500 Decline Due to Low Inflation Progress and Delayed Fed Rate Cuts

Stifel predicts a 500-point decline for the S&P 500, citing normalized rates and low inflation progress. They anticipate delayed Fed rate cuts, leading to a correction in equities. The 2% Core PCE inflation target is deemed unattainable.

#Stifel #Fed

Written with ChatGPT (GPT-3).

Sources

FORTUNE@FortuneMagazine
2 years ago
The Fed’s 2% inflation target is a "pipe dream" and stocks are set to drop 10%, Stifel’s Barry Bannister warns. https://t.co/Cr4ytTwCKG
Markets Insider@MktsInsider
2 years ago
The stock market is about to see a 10% correction, with further disinflation a 'pipe dream' and Fed rate cuts coming much later, Stifel says https://t.co/qiKiS525tX
Bloomberg Asia@BloombergAsia
2 years ago
Stalled-out progress on inflation, which will push Fed interest-rate cuts to later than traders currently expect, is probably going to trigger a big decline in US equities, according to Stifel https://t.co/EY2IvdNkDc

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Stifel's Barry Bannister Warns of 500-Point S&P 500 Decline Due to Low Inflation Progress and Delayed Fed Rate Cuts

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