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NEW YORK: Global markets will be swayed by greater volatility in 2024 as the Federal Reserve cuts benchmark interest...
Overstretched technicals and the belief that the Federal Reserve will not cut interest rates as quickly as markets expect have turned equity strategists at JPMorgan and Morgan Stanley pessimistic.
"Market pricing for rate cuts is a bit overdone in our view," said Wei Li, Global Chief Investment Strategist for BlackRock. "Rate volatility is here to stay."