UBS On-Air: Paul Donovan Daily Audio 'A victory for the realists'

The violent swings in US equity pricing yesterday tell investors all they need to know about Federal Reserve Chair Powell’s communication skills. In the battle between extremists predicting a hard landing and the realists who see a soft economic landing, the Fed seems to tilt towards a soft landing. Rates have peaked, a March cut is (probably) not happening, but cuts are coming.