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Wobbling economy will push the Fed to cut interest rates later this year, CNBC survey finds

1. 65% expect the Fed to cut rates despite stagflation concerns. 2. Recession odds rose to 53% from 22% in January. 3. 69% believe the stock market is overpriced amid economic uncertainty. 4. Tariffs are viewed negatively, affecting growth, employment, and inflation. 5. GDP growth forecast lowered to 0.8% from 3.1% last year.

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FAQ

Why Bearish?

The rise in recession odds and market overpricing indicates potential declines in S&P 500, similar to past economic downturns.

How important is it?

High relevance due to economic forecasts, Fed actions, and market pricing dynamics impacting S&P 500.

Why Short Term?

Immediate market reactions to interest rate cuts and recession fears are likely to occur within the next year, akin to the 2020 market response to COVID-19.

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