Investing, BI Prime, Stock Market, Federal Reserve, Interest Rates, Barry Bannister, Stocks, stifel,

A Wall Street stock chief explains how the Fed has brought the stock market dangerously close to disaster — and why rate cuts might be too late to avoid it

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Brendan McDermid/Reuters The Federal Reserve’s expected rate cuts may be ineffective in terms of avoiding a crisis in the economy and stock market, according to Barry Bannister, the head of institutional equity strategy at Stifel. He says interest rates are already consistent with levels that prevailed in 1998, 2000, and 2007 — right before prior […]

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