The S&P 500 could jump more than 12% if lower inflation allows the Fed to ease, stock strategist says

Wed, 02/22/2023 - 14:39

Federal Reserve Chair Powell Speaks At The Brookings Institution — Federal Reserve Chairman Jerome Powell.
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RBC Capital Markets' Lori Calvasina maintained a base-case scenario for the S&P 500 ending the year at 4,100.
But she told Bloomberg TV that the broad market index could reach 4,500, representing upside of more than 12%.
But inflation would have to cool enough for the Federal Reserve to cut rates.

It's possible the S&P 500 could reach 4,500 by the end of the year, Lori Calvasina, head of US equity strategy at RBC Capital Markets, told Bloomberg Television.