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ICYMI - JP Morgan says US recession is virtually certain, Fed may cut rates by Q3 2023

ICYMI - JP Morgan says US recession is virtually certain, Fed may cut rates by Q3 2023
JP Morgan Asset Management says an incoming US recession is a virtual certainty. The Federal Reserve may lower interest rates by the third quarter as growth loses momentum.Bloomberg (gated) reported on the note from JPM:“The market is right to be penciling in cuts” “Inflation is too high and it will take a recession to bring it back down”US banking stresses “have only made a recession more likely.”Fed will execute a policy pivot as soon as September to counter slowing growth Thi... Read More
Posted: May 17 2023, 22:24
Author Name: forexlive
Views: 110799

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