The Marriner S. Eccles Federal Reserve building stands in Washington, D.C., U.S. (Photographer: Andrew Harrer/Bloomberg)

A $51 Billion Manager Says Markets Are Wrong to Cheer Fed Cuts

Jul 16 2019, 10:00 PMJul 17 2019, 2:17 AMJuly 16 2019, 10:00 PMJuly 17 2019, 2:17 AM

(Bloomberg) -- For Jupiter Asset Management Ltd.’s head of emerging-market debt strategy, the prospect of the Federal Reserve’s first rate cut in more than a decade is nothing to cheer about.