US Stock Market Can Thrive Even Without Rate Cut, Deutsche Bank’s Chadha Says
- Tempered easing expectations haven’t stopped advance: Chadha
- Policy-related pullbacks have been ‘very temporary,’ he says
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The S&P 500 Index can keep soaring to all-time highs even if the Federal Reserve forgoes interest-rate reductions this year, according to Deutsche Bank AG.
Equities strength can persist in the face of the Fed’s higher-for-longer stance as long as the economy and earnings are growing, Binky Chadha, chief US equity and global strategist at the bank, said in an interview. Chadha lifted his S&P year-end forecast to 5,500 last week, about 4% above Thursday’s closing level.