RISE - U.S. Fed In Tough Spot As Market Clamors For Rate Cuts
By Sonal Desai, Ph.D., Executive Vice President, Chief Investment Officer, Franklin Templeton Fixed Income
The US Federal Reserve kept interest rates steady at its June meeting; it emphasized its data-driven approach to policy decisions but noted it believes the case for lower interest rates to be strengthening. Franklin Templeton Fixed Income CIO Sonal Desai offers her take on the meeting, and why the Fed might actually be exacerbating market volatility ahead.
Boxed in by financial markets pricing in 75 basis points (bps) of interest rate cuts this year, Federal Reserve (Fed) Chairman Jerome Powell took