Tough talk on the Federal Reserve’s balance sheet from a key policy maker on Tuesday could signal rough sledding ahead for equity investors, a Wall Street economist warns.

“Fedspeak has become increasingly more hawkish with a noted dove hinting that balance-sheet reduction could begin as soon as next month,” “Fedspeak has become increasingly more hawkish with a noted dove hinting that balance sheet reduction could begin as soon as next month,” said Joe LaVorgna, chief economist of the Americas at Natixis CIB.

“This…



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