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JP Morgan says 'higher for longer' worries markets. Also don't understand frogs.

JP Morgan says 'higher for longer' worries markets. Also don't understand frogs.
A note from analysts at JP Moran on developed market central banks apparently having reached the top of the rate hike cycle, or at least in a 'pause'. However, adds JPM, the promotion of a 'higher for longer message from the Banks is a worry for markets. Our "boiling the frog" narrative incorporates a tension between near-term forces promoting resilience and the seeds being sown for an eventual end to the expansion. This resilience promotes sticky inflation and a need for sustained restrictive p... Read More
Posted: Sep 26 2023, 00:11
Author Name: forexlive
Views: 091080

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