Sevens Report Research’s Tom Essaye Quoted In Barron’s
Sevens Report Research’s Tom Essaye Quoted In Barron’s
Nasdaq Loses Steam as Stocks Give Back Some Earlier Gains
Sevens Report Research’s Tom Essaye told Barron’s that the Federal Reserve Bank of New York released median inflation expectations from its January survey that were unchanged at the one- and five-year ahead horizons. But three-year expectations fell to 2.4% from 2.6%.
“That will make the Fed more confident in cutting rates and amidst an other wise quiet day, that’s what’s driving this market,” Essaye said.
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