An article in CNBC.com reports that hedge fund Paul Tudor Jones says the Fed will stop hiking rates in the coming year.
“The one thing I would say is there’s a high probability that this hike…will be the last one for a long time,” Jones told CNBC after the Fed’s rate hike in December. He also said he expects increased volatility in the market, with swings of up to 15 percent in both directions going forward. Jones added that he would “buy the hell out of” a market downturn.
The article reports that the sell-off at year-end along with “worries about global growth and the intensifying trade impasse between the U.S. and China, have translated into tightening financial conditions and more dovish monetary policy expectations.”