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Unreasonable expectations? Sonal Desai, our Fixed Income CIO, believes Powell took a reasonable first step to rein in market expectations.
Concerns about where the financial markets are heading are at the forefront of many investors’ minds. The risks of a US or global recession this year continue to persist amid slowing global growth, trade tensions and worries about potential geopolitical shocks.
No more rate hikes this year? Sonal Desai, our Fixed Income CIO, makes a different case.