BoA then expect further rate hikes to follow each quarter (for nine quarters!)
BoA then expect further rate hikes to follow each quarter (for nine quarters!)
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PCE inflation hits 2.8% in Nov, sticky prices persist. Stocks pare gains as Fed target drifts further.
Consumer spending up 0.5% in Nov, beating forecasts. Inflation holds at 2.8% YoY, Fed's target remains elusive.
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PCE inflation hits 2.8% in Nov, sticky and away from Fed target. Stocks pare gains as spending holds strong.
Vanguard cuts UK stock/bond allocation 25%->20%/35%->20%. FTSE 100 beat S&P 500, but investors seek global diversification.
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