Salvation is near, or at least the end of the year-long procession of interest rate hikes.
With unusual unanimity, investment reports and commentaries have suddenly struck on the theme that the U.S. Federal Reserve Board and the Bank of Canada will stop raising interest rates soon. It could happen in a few months, they say. It could even come as early as the Fed's next policy meeting on June 27 and 28, though analysts generally anticipate another small hike in August. But ultimately, the current run of interest rate increases is seen ending in the near future. Anticipation of that has already had a positive effect on stocks.