Markets are getting too far ahead of themselves in expectations for the Federal Reserve to cut rates, according to Goldman Sachs President and Chief Operating Officer John Waldron.
The market is pricing in a fairly substantial set of moves by the Fed.
I worry a little bit that the market is too optimistic about how much and how soon the Fed will move.
The market is currently pricing in more than a hundred basis points in cuts now.
The Fed will be more reliant on the data than they will on the short-term sentiment.