Stock market's big rally, inflation could mean Fed has only one rate cut left before a pause, says CIO
Wednesday's inflation reading, while ticking up to a 2.6% yearly rate as expected, continues to hold above the Federal Reserve's 2% target. Combining that with the easing of financial conditions on the heels of a powerful rally in the stock market in early November could drive the Fed to cut rates only one more time before taking a pause,
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In commentary shared with MarketWatch on Wednesday, Ramsey made the case that, based on the froth in the U.S. stock market, another Fed interest-rate cut is looking increasingly questionable.
Spencer Platt / Getty Images Stock futures were lower Wednesday ahead of the release ... The yield has been rising as ...
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