Audrey Deschenes
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Audrey Deschenes in Trading. Let's get it started!,

The stock market is too complacent about risk of higher rates, says top forecaster

Financial markets are too complacent about the risk of higher interest rates, said Ian Shepherdson, the founder and chief economist for Pantheon Macroeconomics and the winner of MarketWatch’s July Forecaster of the Month contest.

“The markets must get serious about next year,” Shepherdson said in an interview. “There’s going to be a collision” between investors’ rosy outlook and the likelihood that the Federal Reserve will need to raise short-term interest rates much more rapidly than is now priced in.