Ted Thatcher Sees Fed Holding Rates, SPX Near 9,000 Without U.S.-Iran War
Ted Thatcher, president of Bright Lake Wealth Management, believes the Federal Reserve should not raise interest rates in September, as a rate hike will not significantly impact inflation. He argues that a resolution or cooling of the U.S.-Iran war is necessary for true inflation relief. Thatcher also noted that crude oil prices are the most critical inflation gauge and that the AI trade has benefited from higher oil prices.
The ongoing U.S.-Iran conflict and its impact on crude oil prices are key drivers of inflation, affecting the Federal Reserve's interest rate decisions and overall market stability.
Thatcher also discussed the market's outlook for the rest of the year, stating the S&P 500 would be closer to 9,000 without the war, and offered positive outlooks on Meta, Micron, and Uber.
FEDERAL RESERVE JEROME POWELL U.S.-IRAN WAR CRUDE OIL S&P 500
