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JP Morgan concerned about sticky inflation, "Central banks could stay higher for longer"
A note from JP MOrgan with the transmission channel from stick inflation to higher for longer rates and thus a lid on the equity market. “we stick to our long-held view that inflation will keep moderating, we worry that there is no cushion here anymore, most are fully on board with the view”But ... “At the same time, it is likely easier for inflation to move down from say 10% to 5%, but the move from 5% to 2% becomes incrementally harder”On the implication for central banks:"Central banks co...
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Posted: Aug 23 2023, 03:42
Author Name: forexlive
Views: 111526