upshot

The upshot could be a more muted bond rally than in past Fed rate-cutting cycles.

The upshot is that as long as margins go higher, valuations can too.

“The upshot is that the ‘debasement’ theory looks like a misdiagnosis of the early-August to mid-October surge in the price of gold,” he added.

The upshot is that officials eventually must decide when to resume purchases of securities to prevent further passive shrinkage of reserves.

The upshot is a backlog of $36 billion and counting that “gives strong visibility into long-term growth,” says Mike Smith, head of the Allspring Global Investments Growth Equity team.