Bonds Making It Clear the Fed Needs to Hike, Morgan Stanley’s Hornbach Says

Matt Hornbach, global head of macro strategy at Morgan Stanley, expects the Federal Reserve to deliver a 25 basis-point rate hike on Wednesday. He says, “it’s certainly a possibility that the Fed is one and done but that’s not what the markets are pricing in at the moment.” (Source: Bloomberg)

Matt Hornbach, global head of macro strategy at Morgan Stanley, expects the Federal Reserve to deliver a 25 basis-point rate hike on Wednesday. He says, “it’s certainly a possibility that the Fed is one and done but that’s not what the markets are pricing in at the moment.” (Source: Bloomberg)