With a wobbly economy and too much household wealth tied up in equities, the markets have less to fear from a hawkish Fed, said Ronald-Peter Stoeferle, responsible for fund management and research at Incrementum AG.
Stoeferle spoke to Kitco on Tuesday. He said there may be a once-a-done rate hike instead of several rate increases some were expecting as the Federal Reserve tries to tamp down inflation.
"Inflation numbers are coming down, so we can actually take a little bit more time with our rate hike campaign. I cannot emphasize it enough: I think the market is expecting [too] much hawkishness from the Federal Reserve. It's ridiculous," said Stoeferle.