Fed Governor Christopher Waller Just Drove a Dagger Through President Donald Trump's Demand for Lower Interest Rates

Stocks have recently reached new all-time highs across the Dow, S&P 500, and Nasdaq, but rising interest-rate uncertainty threatens to disrupt the rally. The main takeaway for portfolios is that the next move may be driven less by price momentum and more by shifting rate expectations.

Analysis

Stocks have recently reached new all-time highs across the Dow, S&P 500, and Nasdaq, but rising interest-rate uncertainty threatens to disrupt the rally. The main takeaway for portfolios is that the next move may be driven less by price momentum and more by shifting rate expectations.