WS #15980
The Federal Reserve is maintaining a cautious stance, warning of financial stability risks while holding rates steady, which keeps growth-sensitive assets under pressure. Wholesale inflation remains elevated at 6.3% YoY, driven by energy costs, supporting gold's safe-haven status near $4,174. This macro environment favors value and energy over high-multiple growth stocks in the near term.
Inflation & Macro Policy
The Federal Reserve is maintaining a cautious stance, warning of financial stability risks while holding rates steady, which keeps growth-sensitive assets under pressure. Wholesale inflation remains elevated at 6.3% YoY, driven by energy costs, supporting gold's safe-haven status near $4,174. This macro environment favors value and energy over high-multiple growth stocks in the near term.