WS #15145
Holding: newest synthesis is 3d 3h old
Market pricing for a Fed rate hike has dropped to 35% following softer PCE data, signaling that the central bank is likely pausing its tightening cycle. This macro backdrop supports risk assets, particularly growth stocks and high-multiple tech names, by reducing the discount rate pressure on future earnings.
Fed Rate Cut Odds & Macro Data
Market pricing for a Fed rate hike has dropped to 35% following softer PCE data, signaling that the central bank is likely pausing its tightening cycle. This macro backdrop supports risk assets, particularly growth stocks and high-multiple tech names, by reducing the discount rate pressure on future earnings.