Don't expect interest rate cuts from the Fed anytime soon as the market overrates a Goldilocks scenario

• The Fed isn't going to cut interest rates anytime soon, according to strategists at Macquarie.
• The firm said the market is putting too much stock in a Goldilocks scenario for the economy.
• "We tend to believe that rate cuts aren't imminent," Macquarie said.

The Federal Reserve isn't going to cut interest rates anytime soon as investors continue to overweight the potential for a soft landing in the economy, according to a Wednesday note from Macquarie.