Stocks Could Rebound in 2023 as Earnings Improve and Inflation Eases, Predicts Market Expert Yardeni
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Stocks could rally by year-end as earnings rebound and inflation falls, says market veteran Ed Yardeni.
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Yardeni predicts the Fed is done hiking rates, which weighed on stocks in 2022.
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Investors expect rates to be cut by September 2023 based on futures pricing.
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Yardeni sees inflation falling as real-time rent data shows declines not yet in CPI.
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Falling rents could give Fed room to pause hikes, boosting stocks.