JPMorgan predicts stocks may fall due to consumers spending excess savings from the pandemic.

Consumers have spent all of their excess savings from the pandemic. That’s just one reason why stocks are poised to fall, JPMorgan says

• US consumers have spent all of their excess savings from the pandemic, according to JPMorgan.
• The bank highlighted the softening of the consumer as one reason why stocks are poised to continue their decline.
• “Even with a robust labor market, US corporates are seeing demand and prices soften with ongoing margin pressure.”

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Looks like inflations back on the menu boys

The next phase of the Fed’s historic inflation fight is waiting for rate cuts

Washington, DC
CNN
—
The Federal Reserve has raised interest rates to their highest level in 22 years in an aggressive bid to curb inflation, and there’s a chance that more rate increases may still be on tap if the economy’s strength causes inflation to rebound.

Investors looking ahead to the next phase of the Fed’s strategy are now asking themselves how much longer will rates stay this high? But inflation’s uncertain path makes that a tough question.

“Rather than arguing about the peak rate, of how many more rate increases do there need to be, what we should probably start thinking about is how long does this last, that you’re going to be at these elevated rates,” Federal Reserve Bank of Chicago President Austan Goolsbee said earlier this month.

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