Fed rate hike uncertainty fuels stock market volatility.
TL;DR Summary
Fundstrat's Tom Lee predicts that the S&P 500 could retest its all-time-high from early 2022 and rally to 4,750 by the end of 2023, as the Fed is expected to issue its last rate hike this week. Falling inflation indicators and the limited impact of banking turmoil support this view. A Fed pause could be a "make or break" moment for stocks, Lee said, as steep rate hikes weighed heavily on equities in 2022.
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