Here's why the Fed isn't going to cut interest rates this year, according to one market strategist

• One market strategist doesn't expect the Federal Reserve to cut interest rates in 2024.
• Shipping troubles and geopolitical tensions in the Red Sea will spark a rebound in inflation, she said.
• The strategist added soaring prices and shipping delays are set to surprise the Fed and markets.

Wall Street largely expects the central bank to loosen monetary policy as soon as March, but one market veteran has taken the opposite stance.