Will a Rally Prevent a Pivot? | The Big Conversation
This week Real Vision’s Roger Hirst uses best in class data to
look at markets that were breaking but are now bouncing. The stresses in the UK bond market and the strength in the US dollar has led to a repricing of a potential Fed pivot. But, if the markets pivot before the Fed, does that make a pivot less likely? We saw this in July and the market was disappointed because the Fed re-iterated their hawkish stance. If the stresses are removed by a rally, then the Fed could become emboldened to tighter further.
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Roger Hirst, Independent Macro Analyst, Co-Head of Content, Real Vision Group
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Matt Toole, Director of Deals Intelligence, LSEG
