Federal Reserve is expected to raise its benchmark rate, defying Trump’s demands
WASHINGTON (AP) — The Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high inflation, a move that would put the central bank at odds with President Donald Trump’s support for a cut.
An increase in the Fed’s rate,
Read MoreWhat Higher Interest Rates Mean for Caterpillar, GE Vernova, and Vertiv
The recent hike in interest rates, plus hawkish language from Federal Reserve Chair Kevin Warsh, led to an immediate sell-off in industrial stocks such as Caterpillar (NYSE: CAT), GE Vernova (NYSE: GEV), and Vertiv (NYSE: VRT). Now that the knee-jerk action is over, it’s time to look in more detail at the potential impact of further rate increases on these stocks.
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Read MoreThe Burst
37.2% Upside On Secretive Singapore Stock
Ivy Investment Alert: Buy FLEX Under $21.50/share (Sell: $29.50 per share)
Disclaimer: Investment Alerts have a medium to long-term time horizon. These do not constitute financial advice and you should contact a financial advisor before deciding whether it is appropriate for your individual circumstances.
Key Points
- Flex is a Singapore-based design,
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Read MoreThe Ivy
The Horrifying Chart That May Forecast A Plunge
Technical charts are littered with examples of historical comparisons. Is the most recent bullish run-up in the S&P 500 similar to the 1929 peak? Is the hype around AI similar to the buzz around the internet in 2000? Is the soaring Nvidia stock chart akin to the bull run in Cisco 24 years ago?
It’s hard to tell looking at a stock chart alone whether history will repeat or simply rhyme,
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