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JP Morgan warns that if the Fed cuts rates it'll be for the wrong reasons, stocks to fall

JP Morgan warns that if the Fed cuts rates it'll be for the wrong reasons, stocks to fall
Hugh Gimber, global market strategist at JPMorgan Asset Management spoke on CNBC (gated):believes Fed cuts in 2024 would likely coincide with declining corporate earnings, creating headwinds for stocks“I think the key point for me is that the reason the Fed cuts next year is not because inflation has just smoothly glided back to target. Rather, it’s because we start to see cracks in the growth outlook” “And that is clearly not a very positive scenario for equities, particularly when you think ab... Read More
Posted: Oct 19 2023, 01:57
Author Name: forexlive
Views: 092047

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