Viktor Schvets: Rate cuts coming soon

Macquarie’s Viktor Schvets is ahead of the pack as usual:

“My view for some time was that as we go through 2023 and 2024, there is a much higher probability of loosening of both fiscal and monetary policies than tightening,” he told the Macquarie Australia Conference on Wednesday.

“What is going to happen is when Federal Reserve starts tightening – via quantitative tightening and lifting rates – and rates are getting closer and closer to neutral rates, volatility of asset prices will increase substantially.”

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