Morgan Stanley's Matthew Hornbach sees a chance the Federal Reserve's two day meeting this week will rattle investors.
"The biggest wild card is that the chairman sounds too optimistic based on the data that we've had so far," he told CNBC's "If Powell places too much emphasis on economic strength, it will spark concerns that the Fed will pare down its easy money policies sooner than expected, Hornbach warns. His base case is Powell will successfully ease Wall Street fears over inflation and potentially higher interest rates.
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