US markets have been ‘aggressive’ in pricing in a number of rate cuts

CommSec’s Tom Piotrowski says the US markets have been “aggressive” in pricing in a number of rate cuts. “They’re expecting about four or five between now and the early part of next year – that’s an aggressive timetable,” he told Sky News Australia. “The risk is perhaps Mr Powell pours a little bit of cold water on that. However, there’s no signs of concern at the moment.” Presented by CommSec.