Fed Pivot Will Be No Cure For Stock Market’s Ills

The longed-for Fed pivot may come quicker than expected — especially after this week’s very soft inflation data — but equities still face more downside if hopes for easier monetary conditions clash with the rising risk of a recession. The Fed’s battle with inflation this year has pitched the stock market into one its most bearish cycles in decades. The expectation — or hope — is that once the Fed takes its foot off the brake, stocks

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