Market Likely to Endure Deeper Selloffs Before Support From Trump, Fed
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While there is little sign yet of a bear market despite a gradual shift higher in volatility, investors looking for support from Donald Trump or the Federal Reserve may have to endure deeper selloffs.
The “Fed put” may be removed as the US central bank is likely to keep rates higher for longer in the context of sticky inflation, Karim Chedid, Head of EMEA Investment Strategy at BlackRock, said Tuesday in London during a panel at the Bloomberg Intelligence Volatility Forum. Also, Trump 2.0 has seen the US president care less about the stock market than he did the first time around.