S&P 500 could drop 8% without Fed cut, say RBC strategists
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Outlook also considers sticky inflation, Treasuries below 5%.
Investors remain too optimistic about the timing of a Federal Reserve interest-rate cut, according to RBC Capital Markets strategists, who see the risk of an 8% slump in US stocks if easing fails to materialize this year.
The team led by Lori Calvasina laid out three year-end scenarios for the S&
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