Franklin Templeton's bond chief says expects at least two Fed rate hikes in 2019
"I would still anticipate that it will deliver at least two more rate hikes this year. I believe that the market’s assumption that the Fed will not raise interest rates at all this year is very misguided, against a background of continued economic strength," said Sonal Desai, chief investment officer for the Fixed Income Group at Franklin Templeton.
She said in a note that the $750 billion fund manager's view on China has become somewhat more pessimistic than it has been historically.
"In my view, the global outlook is a bit more at risk from China today than it was say two or three years ago. This is something which we will be monitoring extremely carefully," she said.
(Reporting by Sujata Raom, Writing by Abhinav Ramnarayan; editing by Ritvik Carvalho)