Don't See Need for More Rate Cuts: Sonal Desai
Market Intelligence Analysis
AI-PoweredSonal Desai, CIO of Franklin Templeton Fixed Income, expressed skepticism about the need for further rate cuts, citing the US economy's growth, despite being dragged down by a record-long government shutdown and other factors.
Market impact analysis based on bearish sentiment with 80% confidence.
Article Context
"On "Bloomberg Real Yield", Mike Schumacher, head of macro strategy at Wells Fargo, and Sonal Desai CIO of Franklin Templeton Fixed Income, talk with Scarlet Fu on "Bloomberg Real Yield". The US economy grew less than expected at the end of last year, dragged down by a record-long government shutdown, consumer spending and trade. Also the Supreme Court struck down Trump’s sweeping global tariffs, though the White House has said it will quickly replace the levies using other legal tools. (Source: Bloomberg)
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