For the first time in more than four years, the Federal Reserve has cut the target for its benchmark interest rate, slashing it by 50 basis points. Morgan Stanley Asset Management Co-Head of Broad Markets Fixed Income Vishal Khanduja notes that, based on the Fed’s projections, unemployment is now in focus rather than inflation. Khanduja describes the new rate-cutting cycle as a “recalibration” rather than one prompted by recession fears. He also thinks the US economy is still on track for a soft landing, arguing that “The timing [of cuts] is right. Maybe they’re off by a meeting or two, but they have a lot in their toolkit.” Watch the video above for Khanduja’s takeaways for bond market investors. For more expert insight and the latest market action, click here to watch this full episode of Market Domination.
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What about my home page VlDE0? Well? Hmmmm….
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