The improvement in risk appetite may keep the S&P 500 index afloat over the coming days as the Federal Reserve appears to be in no rush to winddown its balance sheet. Get your weekly equities forecast from DavidJSong here:
rate hike, and the improvement in risk appetite may keep US stock prices afloat over the coming days as the central bank appears to be in no rush to winddown its balance sheet.The S&P 500 index clears the monthly opening range for March even as theto begin reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities at a coming meeting.
recent recovery in the S&P 500 may turn out to be a correction rather than a resumption of a bullish trend as the update to the Summary of Economic Projections indicates that the central bank will deliver a series of rate hikes over the coming months.As a result, the CME’s FedWatch Tool shows a 100% probability for at least another 25bp rate hike at the next rate decision May 4, with a 40% chance of seeing the Federal Funds rate increasing to 0.75% to 1.00% from the current threshold of 0.25% to 0.50%.
In turn, the risks posed by the Russia-Ukraine war along with the shift in Fed policy may produce headwinds for the S&P 500 index as Chairmanand Co. see the Federal Funds rate around 2.
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