Toms: Fed Should Cut Interest Rates To Stay Ahead Of Market Expectations
Voya Investment Management CIO of Fixed Income Matt Toms was on CNBC discussing interest rate expectations and their impact on markets. Toms said that Federal Reserve action would have a larger impact than earnings announcements this week, saying “we need the Fed to stay ahead of market expectations ... finally the Fed is not behind. It will cut this week then look for one more early next year. The key is to keep ahead of the market.”