Wall Street takes turns pouring cold water! Bridgewater CIO: Fed rate cut expectations have "gone off track"
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Wall Street investment banks have adjusted their expectations for the Fed's interest rate cuts this year. Bridgewater's CIO stated that US inflation and strong economic growth have caused the rate cut expectations to "derail", with Morgan Stanley's chairman predicting that rates may rise to 8%. Vanguard Group believes that the Fed will not cut interest rates this year, which could have an impact on global central banks and markets. Investors have seen a shift in expectations for Fed rate cuts, with futures traders betting on the smallest rate cut since last year. Currently, Fed fund futures are pricing in a 60 basis point cut for this year
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