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Blackstone Exec Issues Rosy Outlook for 2019
The Federal Reserve’s monetary policy will remain accommodative this year, interest rates will stay low and the S&P 500 Index will gain approximately 15%. That's according to Byron R. Wien, vice chairman of the Private Wealth Solutions group at Blackstone. So reports Financial Advisor.
The combination of attractive equity valuations resulting from the market decline late last year and a lack of additional increases in the fed funds rates will support stocks in 2019.
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