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JP Morgan expects CPI to hit Fed 2% target by late 2024 - but don't expect more FOMC hikes

Dow Jones / Market Watch conveyed comments from the chief global strategist at JP Morgan Asset Management.says inflation will drop under the Federal Reserve's 2% target by late 2024On the CPI data released Wednesday, and whats to come further ahead:"I don't think that today's upside surprise is sufficient to trigger a rate hike next week and I continue to expect the Fed to stay on hold,""But with inflation sticky and growth resilient, the committee is likely to maintain a clear tightening bias--... Read More

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Posted: Sep 13 2023, 21:30

Author Name: forexlive

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