From Yahoo Finance, December 5:
Markets are pricing in at least 100 basis points of interest rate cuts next year, starting in the second quarter. One strategist thinks those bets are "overdone."
"That is really aggressive," BlackRock Investment Institute global chief investment strategist Wei Li said at a media roundtable on Tuesday. "Something will have to go seriously wrong for that to come through. So we do think that the Fed will cut rates, probably in the second half of next year, but how many cuts they will deliver will be quite a bit less compared with the old economic cycles, old recessions."....
....MUCH MORE
