Fox stock closed down sharply by 17% on the day, hitting a record low.
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With the Federal Reserve rate hike approaching, the S&P 500 may fall by 10%! MRA strategist: There could even be a second wave in December
Macro Risk Advisors LLC stated that the interest rate hike actions by the Federal Reserve, which could begin as early as this week, may trigger a pullback in the S&P 500 Index. This is because declining corporate profit margins will hurt earnings outlooks, while the market is preparing for a tightening cycle.
The Federal Reserve pauses RMP bond purchases for the second consecutive month, with bank reserves remaining in an ample range.
The Federal Reserve announced that during the next monthly cycle ending on October 14, the New York Fed's Open Market Operations Department will not conduct any U.S. Treasury purchases for Reserve Management Purposes (RMP). During this period, approximately $15.6 billion in reinvestment purchase operations will be executed. As of September 9, the U.S. banking reserve balance stood at $3.04 trillion, higher than the year-to-date average level of $3.01 trillion.
Nature’s Sunshine EVP, CFO Ruth Ann Perkins files initial beneficial ownership statement
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