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Morgan Asset Management: The Federal Reserve will not urgently cut interest rates, there is a possibility of a 50 basis point cut in September
After Friday's US non-farm payrolls report triggered a major move, JPMorgan Asset Management said its base case remained for a soft landing for the US economy and did not expect an emergency rate cut by the Federal Reserve ahead of its regular meeting. Kim Crawford, fixed income portfolio manager at JPMorgan Asset Management, said there could be some "noise" in the report and subsequent data could show a very gradual slowdown in the labour market. "If there is no overall improvement in the labou...
2024-08-06 18:16:24
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