The Fed pivot is near, and yield curve inversion has likely peaked. That's usually bad news for stocks, this Fidelity strategist says

The Fed pivot is near, and yield curve inversion has likely peaked. That's usually bad news for stocks, this Fidelity strategist says

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The Federal Reserve on Wednesday opted for a dovish hike over a hawkish pause with the banking system still seemingly on fire, or as Elon Musk just tweeted, “melting.” But whether it was the right move or not, the central bank acknowledges it might be close to the end of the rate-hike cycle, as it…

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