Listen: Fed, Gareth Nicholson And Goldman Sachs discussed on BTV Simulcast
"Back to the best of daybreak Middle East. The fed was in focus on Monday morning after comments from Jay Powell had helped US stocks to their best week since twenty eleven many investors took the central Bank share's words to be dovish. But Goldman Sachs N J P Morgan we're sticking by their forecasts that the Federal Reserve will raise interest rates four times next year, Madison. I got more with Gareth Nicholson, head of fixed income discretionary portfolio management at Bank of Singapore. I mean, this is big news who live on marketing ethics as well. I think the fed has been a pretty smart in the sense that they will paint themselves into a corner with a rigid approach to, you know, we're we're raising raising rates. This is the trajectory. We're going we're following the dots. And nothing's really going to get in the way. And and I think that the recent messages is a little bit more attention to the fact that they're going to be more data dependent and particularly if they thought turning maybe we won't have such an aggressive rate hike. I mean, if you've really seen the three percents in the ten dropping dropping below three percent, which illustrates it. You know, maybe the market is is reviewing the neutral rate the tunnel funds rate and revisiting maybe it might be. Be needs to be lower with regards to to where that's going. So I think this is a bit of a pause is giving the market a bit of food for thought that they're not just going to run away and potentially make another fade area that we've seen in the past without listening to where the market's going combining everything from the strong employment data that's come out of recent tools to some of the other numbers which are coming up. Maybe it's softer. Gareth? You mentioned the magic word there. Which is of course, dots. The feds dot pot. You can pull that up on the dots function on your Bloomberg there. I guess I'm wondering just to take the other side of this argument. Is there a possibility that the market has gone too far in betting that the twenty one thousand nine hundred dots aren't going to be realized here?."