Deutsche Bank’s chief global strategist Chadha spoke in a media interview (CNBC) on the Federal Reserve and US equities:
- said the firm is “constructive” on equities
- does not think a rate cut is needed for equities to continue to rise
- sees one rate cut from the Federal Open Market Committee (FOMC) this year, “but all the way in December”
Too early for a Santa rally?
This article was written by Eamonn Sheridan at www.forexlive.com. Source