Why the Fed keeping rates higher for longer may not be such a bad thing [CNBC]
LPL Financial Holdings Inc. (LPLA)
Last lpl financial holdings inc. earnings: 4/30 04:05 pm
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Source: CNBC
that higher interest rates are having a substantially negative impact on the economy. So what if policymakers just decide to keep rates where they are for even longer, and go through all of 2024 without cutting? It's a question that, despite the current conditions, makes Wall Street shudder and Main Street queasy as well. “When rates start climbing higher, there has to be an adjustment,” said Quincy Krosby, chief global strategist at LPL Financial. “The calculus has changed. So the question is, are we going to have issues if rates remain higher for longer?” The higher-for-longer stance was not what investors were expecting at the beginning of 2024, but it's what they have to deal with now as inflation has proven stickier than expected, hovering around 3% compared to the Fed's 2% target. Recent statements by Fed Chair Jerome Powell and other policymakers have cemented the notion that rate cuts aren't coming in the next several months. In fact, there even has been talk about t
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LPLA
News
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- LPL Financial Holdings Inc. Just Recorded A 8.5% EPS Beat: Here's What Analysts Are Forecasting Next [Yahoo! Finance]Yahoo! Finance
- LPL Financial Welcomes Guardian Partners Wealth Management [Yahoo! Finance]Yahoo! Finance
LPLA
Earnings
- 4/30/24 - Beat
LPLA
Sec Filings
- 5/2/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 3/28/24 - Form DEFA14A
- LPLA's page on the SEC website