The 50-basis-point cut should be out of question now, said Tracy Chen, portfolio manager at Brandywine Global Investment Management. The Feds easing and Chinas stimulus increases the likelihood of a no landing.
Date: Oct 06, 2024
Category: Business
Source: Google
Bond Traders Bet Big on the Fed Launching Into Rescue Mode
The market concern is that the Fed is lagging and that we are morphing from a soft landing to a hard landing, said Tracy Chen, a portfolio manager at Brandywine Global Investment Management. Treasuries are a good buy here because I do think the economy will continue to slow.