A portfolio manager says market participants are a bit too optimistic about an aggressive Fed interest rate cut, which could pose risks.
The United States Federal Reserve may not be cutting interest rates to the degree that market participants appear to be anticipating, according to a portfolio manager.
Yet, the broader crypto industry remains hopeful of the looming rate cut in September.
“The market pricing in 100 basis points of cuts by the end of the year is a potential risk, and it is potentially getting ahead of itself, there is nothing to support that thesis,” Caldwell Investment Management portfolio manager Justin Elliot said in an Aug. 14. Bloomberg interview.
