MW: Stock-market investors bank on earnings growth running triple the norm – economist
MARKETWATCH reports: Earnings growth expectations have been running hot, fueled by optimism around artificial intelligence. But ...
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MarketWatch’s Ivan Martchev writes: “I had one of the strangest conversations with a wealthy investor this month regarding the Federal Reserve. He tried to convince me that the Fed does not know what it is doing by paying interest on excess reserves. When it pays interest on excess reserves, he said, it causes banks to hoard cash and not lend…”
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