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Despite Fed’s hawkish tone, Wells Fargo forecasts ‘solid growth in 2025’

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Dec. 19, 2024 11:34 AM ETS&P 500 Index (SP500)SPY, IVV, RSP, IYZ, XLF, XLP, IYF, VFH, IYK, VDC, VOX, KBE, IAT, SH, SSO, KRE, SDS, KXI, RSPS, UPRO, VOO, XTL, KBWB, KBWR, FSTA, FXAIX, VFIAX, VFFSX, FTXO, SPXU, XLC, RSPCBy: Jason Capul, SA News Editor
New year 2025 countdown concept.

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While Jerome Powell and the Federal Reserve might have put an end to the recent market rally, there is still a noticeable upside for the benchmark S&P 500 (SP500) in 2025, according to Wells Fargo equity analyst Christopher Harvey.

“Despite the

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