My 3 Biggest Stock Market Predictions for November
October delivered serious ups and downs in the stock market, but will that trend continue throughout November? A few pieces of important news should have a big impact on stocks, and all of the factors that drove volatility in October are still present. Investors should be aware of the major market catalysts and manage their investment portfolios accordingly.
Monetary policy and interest rate hikes continue to be the most important stock market drivers. The Federal Open Market Committee (FOMC) had its bimonthly meeting during the first week of November and announced another interest rate hike of 75 basis points. Chair Powell's public commentary indicated that the monetary authorities have no explicity plans of reversing course in the near future.
Still, there's growing optimism that rate hikes will slow in early 2023. The latest Series I bonds bear a significantly lower rate than the previous offering, which was issued six months earlier. That's evidence that the Fed is slowly but surely combating inflation.
Source Fool.com
