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JP Morgan are expecting an on hold FOMC decision that could end the hiking cycle

JP Morgan Asset Management are expecting cooling inflation to prompt a hold at the Federal Open Market Committee (FOMC) meeting. We expect the Fed to leave the federal funds rate unchanged although both the post-meeting statement and the dot plot will likely emphasize that inaction this week should be considered “skipping a rate hike” rather than putting an end to monetary tightening. Indeed, Fed communications could explicitly warn of a possible further rate hike in July. On balance, however, c... Read More

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Posted: Jun 14 2023, 01:33

Author Name: forexlive

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