Bond Market's Fed Rate-Cut Consensus Has a Skeptic at Vanguard
- G-20 may pave way for Fed patience, says strategist Mathias
- Investors see different paths to a steeper yield curve
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Bond investors wary of the consensus that the Federal Reserve is on the brink of a rate cut have company over at Vanguard Group Inc. Policy makers aren’t about to take the plunge, says Anne Mathias, a strategist at the world’s second-largest asset manager.
“It’s almost like the market is forcing the Fed to act and that’s just a very weird environment,” she said during a panel at the Fixed Income Leaders Summit in Philadelphia this week. “I don’t think the Fed is going to respond to being forced.”