Markets Are Wrong on Fed Rate Hikes, Morgan Stanley’s Caron Says By Bloomberg
© Bloomberg. An eagle sculpture stands on the facade of the Marriner S. Eccles Federal Reserve building in Washington, DC. Photographer: Andrew Harrer/Bloomberg (Bloomberg) — Markets aren’t prepared for how far US central bankers are willing to go to tame the hottest inflation in a generation, according to Morgan Stanley (NYSE:) Investment Management’s Jim Caron. […]