Franklin Templeton Manager Says Strong Growth Could Validate Fed Rate Hike Bets
Josh Rout says strong U.S. GDP growth from AI investment and pro-cyclical fiscal policy could validate market pricing for further Fed hikes.
The U.S. economy looks strong as the AI-related investment boom coupled with a very pro-cyclical fiscal policy likely translates into strong GDP growth, says Josh Rout, portfolio manager at Franklin Templeton. If these trends play out, they will largely validate the market's pricing for further Fed…