A ‘reverse Goldilocks’ scenario could hit asset prices amid a growing disconnect between markets and the Fed on rate cuts, strategist says
Markets think the central bank will slash rates soon — and fast. But the Fed hasn’t signaled anything remotely so dovish.
That growing discord between Fed policy and market consensus could stir a major sell-off as rate bets begin to adjust, HSBC chief multi-asset strategist Max Kettner told Bloomberg TV.