Steve Sosnick, Interactive Brokers’ chief strategist, discusses what trends he’ll be watching as the first quarter draws to an end.
Two big variables in the weeks ahead, according to Sosnick, will be the US Federal Reserve’s rethink on monetary tightening and the ongoing Brexit drama in the United Kingdom.
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The Fed’s decision-making is primarily driven by monthly inflation reports and labor market data, and renewed progress on inflation is necessary for the Fed to feel comfortable enough to begin the rate cutting process
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The tricky part comes now-the pivot for rate cuts. Interestingly, it doesn’t seem as if the Fed is on the same page as the money and bond markets on the timing and magnitude for potential rate cuts.
