Bank of America strategist: If the Jackson Hole central bank meeting releases dovish signals, U.S. stocks may pull back

ChainCatcher news, according to Bloomberg, the team of Michael Hartnett, Chief Investment Strategist at Bank of America, pointed out that if the Federal Reserve sends a dovish signal at the Jackson Hole Global Central Bank Annual Meeting, the U.S. stock market may see a pullback after a record rebound this week. The report indicates that due to market expectations that the Federal Reserve may cut interest rates to address the weak labor market and alleviate the U.S. debt burden, investors have been pouring into risk assets such as stocks, cryptocurrencies, and corporate bonds.