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JPMorgan Asset Says Fed Rate Cuts May Be Steeper Than Expected bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) The Federal Reserve may end up cutting interest rates more than it’s currently signaling as the US economy slows, driving a rally in shorter-maturity Treasuries, according to JPMorgan Asset Management.Most Read from BloombergSEC Authorizes Bitcoin-Spot ETFs in Crypto’s BreakthroughAmazon’s Twitch to Cut 500 Employees, About 35% of StaffGoogle Lays Off Hundreds in Hardware, Voice Assistant TeamsSEC Says FBI Is Investigating Compromise of Agency’s X AccountBoeing CEO Fights Back Tea ....
JPMorgan Asset Management thinks Fed cuts could be deeper investmentnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentnews.com Daily Mail and Mail on Sunday newspapers.
“The market is right to be penciling in cuts,” said Seamus Mac Gorain, head of global rates in London. “Inflation is too high and it will take a recession to bring it back down,” he said, adding that US banking woes “have only made a recession more likely.” ....
The Fed could be forced to cut as soon as September - JPMorgan Asset Management kitco.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitco.com Daily Mail and Mail on Sunday newspapers.