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Michelle, global head of fixed income at JPMorgan Chase, says the Federal Reserve is likely to remain on hold in September as well

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2025-07-30 17:58:15
MICHELLE, Global Head of Fixed Income at JPMorgan: Expect the Fed to have one, maybe even two naysayers. The uncertainty facing the Fed has somewhat dissipated. The full impact of the tariffs has yet to be felt. The Fed is likely to remain on hold in September as well. Inflation data for June showed that inflation is starting to show signs of transmission. The rationale for buying 10-year Treasuries is that interest rates will fall at some point.
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