Elevated asset valuations and historically compressed credit spreads, she said, are not just indications “that policy most likely isn’t very restrictive. They’re also indications that the fed funds rate needs to offset tailwinds from financial conditions,” Logan said
US stocks: S&P 500 ends nearly flat as US-Iran talks help stocks pare losses
S&P 500 ended almost flat as Microsoft declined, while Meta Platforms recorded gains amid ongoing market fluctuations. Oil prices surged following geopolitical tensions and a