S7/10Economic
Zero Fed Rate Hikes Baked Into S&P Forecast, Says Wells Fargo's Cronk
Darrell Cronk, Wells Fargo Wealth and Investment Management CIO, says zero interest rate hikes by the Federal Reserve are baked into their forecast that says the S&P 500 will reach 7,900 by the end of this year. He says markets are not in a selloff, he says this is a "rotation within equities." He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
⚠️ This is a probabilistic forecast, not a guarantee. Accuracy is measured only on resolved scenarios; monitor confirmation indicators below.
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Эскалация— 50% model probability
Сценарии event-driven intelligence
Confirmation indicators
- ◆1. Significant increase in the number of Fed officials publicly expressing concerns about inflation and potential for future rate hikes. 2. Stronger than expected U.S. economic data releases, particularly on employment and consumer spending. Time horizon: 3
Horizon: 90–180 days