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The US Federal Reserve appears to be on a path of slow monetary easing, but markets could face heightened volatility from policy shifts at the Bank of Japan and the historical market reaction to a new Fed chair. In an interview with CNBC TV18, Ed Clissold, Chief US Strategist at Ned Davis Research, shared his outlook on global central bank actions and their implications for US equities.

Clissold stated that a 25 basis point rate cut from the US Fed is now "pretty much baked in." He highlighted a significant shift in the Federal Open Market Committee's (FOMC) dynamics, moving from a consensus driven by the chair to a more vote-dependent body. "Now it's almost like a corporate board, you have to

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