Reservation

Markets are blindly expecting the best - but inflation might not cool to the Fed's 2% target until late 2024, says Federated Hermes' top stock-picker

15 days ago   |   By

Investors are overestimating how sticky inflation will be, according to Phil Orlando of Federated Hermes. Spencer Platt/Getty Images
It's too optimistic to think interest rate rises are done, says Federated Hermes' chief strategist.
"The market is whistling past the graveyard and expecting the best thing to happen," Phil Orlando said.
It could take until the end of 2024 for inflation to fall to the Fed's 2% target, he added.
Inflation could remain a threat to markets for another two years despite the recent rally in equities, according to Federated Hermes' top stock picker. Phil Orlando...
Read more ...

 


Search by Tags

   Reservation      Reservations      Fall      Markets      MI Exclusive      Stock Market Analysis      Stock Market Outlook      Stock Market Strategy      Investing Analysis      Investing Outlook      Investing Strategy      Federated Hermes      Federal Reserve      Interest Rates      Interest rates rising      Phil orlando      Phil orlando federated hermes  


Interesting Facts About Dubai Miracle Garden

Dubai Miracle Garden - The World's biggest flower Garden located in Dubai. Plan your trip to Dubai & visit this garden. Before visiting go through these interesting facts... Read more ...

Interesting Facts About Dubai Miracle Garden

Dubai Miracle Garden - The World's biggest flower Garden located in Dubai. Plan your trip to Dubai & visit this garden. Before visiting go through these interesting facts... Read more ...

Experience the magical ambiance of the fall season by visiting the best...

Autumn is one of the fascinating seasons for a holiday in Italy. This beautiful season comes with a round of fresh wine, delightful delicacies, and vibrant colors that will... Read more ...

The Jeep Cherokee's Future Doesn't Look All That Great

The Jeep Cherokee's Future Doesn't Look All That Great

Through the third quarter of this year, Jeep Cherokee sales are down a whopping 61 percent year-to-date compared to last year, with just 30,852 sold in the first nine months of... Read more ...

'Guillermo del Toro's Pinocchio' is now available to watch at home - here's...

When you buy through our links, Insider may earn an affiliate commission. Learn more. Read more ...

US stocks fall on wholesale inflation data while investors look ahead to big...

Spencer Platt/Getty US stocks fell Friday on hotter-than-anticipated inflation at the wholesale level. The sell-off capped a losing week for indexes as investors look ahead to... Read more ...

Recession fears have paralyzed Wall Street as 2023 stock market predictions...

A trader works at the New York Stock Exchange NYSE in New York, the United States, on March 9, 2022. Michael Nagle/Xinhua via Getty Wall Street has turned unusually bearish on... Read more ...

Ed Von Nordeck: A Giant In Passenger Rail Advocacy

Read more ...

Amtrak Files STB Complaint Against UP

Amtrak is taking its first complaint to regulators under the new passenger-rail metrics and standards, targeting UP's "abysmal" performance on the Sunset Limited. Read more ...

These Are Your Best Dealer Experience Stories

These Are Your Best Dealer Experience Stories

We talk a lot about how awful car dealers can be, with sky-high markups and add-on fees, on top of all the unpleasantness that comes with leaving the house. But, every now and... Read more ...

Jaw-Dropping Video: Danny MacAskill's Postcard from San Francisco is a Work...

I first heard of Danny MacAskill in 2014. He is a Scottish trials cyclist. Danny is 36 years old and is arguably... Read more ...

U.S. Sen. Ed Markey Really, Really Wants Automakers to Keep AM Radio in...

U.S. Sen. Ed Markey Really, Really Wants Automakers to Keep AM Radio in Their Electric Cars

When BMW introduced the electric i3 city car, it was a wild departure from what you saw in the rest of the lineup. And not just because it was battery-powered. While it offered... Read more ...

JetBlue and American announced 11 all-new routes as the pair beefs up its...

American Airlines and JetBlue Airways NYC Russ/Shutterstock JetBlue Airways and American Airlines announced 11 new routes as part of their Northeast Alliance. The new routes... Read more ...