Björn Jesch, global chief investment officer at DWS, said that despite the recent market turmoil, the Federal Reserve is likely to continue its expected policy path. He said in a note that a panic-driven response from the Fed is unlikely, and he expects the central bank to try to avoid signalling a major shift in policy, such as a 50 basis point rate cut or an emergency rate cut between meetings. He expects the Fed to stick to a gradual easing approach, starting in September...