While geopolitics remains important, the bigger market driver in the second half of the year might be monetary policy, Columbia Threadneedle Investments' Anthony Willis says in a note. In the U.S., the economy remains resilient and the Federal Reserve has adopted a more hawkish tone, the senior economist says. "As investors reassess whether the Fed may need to raise rates again--and how often--market pricing is likely to remain sensitive to incoming data and central bank communication," he says. (emese.bartha@wsj.com)
Dow Jones Newswires
Monetary Policy Expected to Be Bigger Market Driver Than Geopolitics in Second Half — Market Talk
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While geopolitics remains important, the bigger market driver in the second half of the year might be monetary policy, Columbia Threadneedle Investments' Anthony Willis says in a note. In the U.S., the economy remains resilient and the Federal Reserve has adopted a more hawkish tone, the senior eco…