金色财经|12月 05, 2025 11:43
**[Bank of America Warns: Fed's Dovish Rate Cuts May End Stock Market Rally]**
Golden Finance reports that Bank of America strategists have warned that if the Federal Reserve adopts an overly cautious stance on the economic outlook, it could jeopardize the year-end stock market rally. As the S&P 500 index approaches historical highs, investors are anticipating the most favorable scenario—rate cuts by the Fed accompanied by declining inflation, while the economy remains resilient. However, Bank of America strategist Michael Hartnett pointed out that if the Fed signals a dovish stance at next week's meeting, this optimism will be tested, as it may indicate that the economic slowdown is worse than expected. Hartnett wrote in a report: "The only thing that could kill the 'Christmas rally' is a dovish rate cut triggering a sell-off in long-term bonds." He was referring to longer-term U.S. Treasury bonds. (Jin10)
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