'I think the market is getting ahead of itself because the market is dependent on Fed largess,' Fisher said.
. The market now expects three rate cuts in 2020 as global stock indexes sink on intensified concerns about the coronavirus' economic impact.
Fisher made his remarks during a volatile session for U.S. stock markets. The declines early were steep, with There are more than 82,500 cases of the coronavirus globally and at least 2,810 people have died. As the virus spreads, so too has worry about its potential to slow the global economy.
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