Dalma Capital: Treasury Rally Has Probably Gone Too Far
Speaking to Bloomberg DayBreak Middle East’s Yousef Gamal El-Din this morning, Gary Dugan, CIO of Dalma Capital, said that more straightforward communication from the Fed is crucial, especially in these volatile times.
Fed Chair Powell’s latest remark about not hesitating to tighten policy further if necessary, contrasts with his comments last week that were widely interpreted to mean that the central bank would hold rates steady.
Regardless, Gary believes a rate cut is unlikely in the near future, given that inflation remains significantly above the Fed's 2% target. Investors should brace for this reality and align their strategies accordingly.
Watch the full interview: https://bit.ly/3FUuAp4