Wall Street is trading in a tight range as uncertainty surrounding the Federal Reserve’s upcoming policy decision weighs on sentiment.
With the central bank’s announcement imminent, market participants have adopted a defensive posture, reflecting deep divisions among strategists on the direction of interest rates.
"When I hear so many strategists saying the exact opposite, I know one thing for sure: nobody knows," Koch said.
Markus Koch, a US market expert, highlighted the prevailing confusion in a recent interview with Handelsblatt.
He noted that the sheer volume of contradictory forecasts from strategists has rendered the outlook opaque.
"When I hear so many strategists saying the exact opposite, I know one thing for sure: nobody knows," Koch said.
This lack of clarity has translated into subdued trading activity.