The impending United States Federal Reserve rate cut is likely to be a 'non-event' for markets as it is already priced in, according to Marc Franklin, Deputy Head of Multi Asset Solutions Asia at Manulife Investments.

Speaking to CNBC-TV18, he stated that investor focus has shifted squarely to the central bank's forward guidance and its commentary on the future of its quantitative tightening (QT) programme. "That's priced in by markets, and so that's probably going to be considered as a non-event. It's really their forward guidance, and the Q&A session will be very important," Franklin explained.

Any indication that the Fed is "hedging its bets" or remains concerned about inflation could introduce volatility across asset classes.

Markets have already priced in a 25 basis point rate cut

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