Evercore's Emanuel Doesn't See Fed Moving This Year

Evercore ISI’s Julian Emanuel says he does not expect the Federal Reserve to change interest rates this year, despite rising stock volatility. He is keeping his S&P 500 year-end price target at 7,750. The stance is broadly neutral for near-term rate expectations, but it may support the index given the no-move rate view.

Analysis

Evercore ISI’s Julian Emanuel says he does not expect the Federal Reserve to change interest rates this year, despite rising stock volatility. He is keeping his S&P 500 year-end price target at 7,750. The stance is broadly neutral for near-term rate expectations, but it may support the index given the no-move rate view.