Prepare for a slump in US stocks as the Fed continues its battle against sticky inflation, Wells Fargo's top strategist says
Investors should brace for a potential slump in US stocks, as this year's rally looks increasingly unsustainable given the risk of higher interest rates, according to Wells Fargo's global market strategist.
Even if the Fed refrains from another rate hike at this week's review,"we don't think the Fed stays on hold for very long — inflation is just too sticky," he added.
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