Softer economic growth raises risks of weaker corporate profits, in theory paving the way for softer share prices. "It's very clear that everyone at the Fed is on board for 50-basis point [interest rate hikes] for the next two hiking meetings. A potentially less hawkish Fed is not necessarily a green light for equity buyers over the long term. "The Fed is past peak hawkishness," she said. Read also:Wall Street rallies, snaps longest weekly losing streak in decadesWorld stock markets rally, treasury yields fall on inflation data

Source: The Edge Markets May 28, 2022 06:13 UTC