JPMorgan Asset Says Markets Are Right to Bet on US Rate Cuts
US recession virtual certainty and Fed may lower interest rates by the third quarter as growth loses momentum, according to JPMorgan Asset Management.
US recession virtual certainty and Fed may lower interest rates by the third quarter as growth loses momentum, according to JPMorgan Asset Management.
The industrial economy is on solid footing and activity is expected to pick up later this year, top CEOs in the space exclusively told Yahoo Finance.
Theories abound as to what sapped volatility from equities, everything from passive money flows to flat-out manipulation.
Softer US macroeconomic data suggest that earnings trends will weaken in coming months, contrary to the expectations of most analysts.
Prospect for global earnings growth this year is dim despite better-than-expected first-quarter results in the US and Europe.
Inflation remains double Fed’s target, financial sector reeling from trio of bank collapses and economists’ calls for downturn growing louder by day.
Powell at his press conference on Wednesday is likely to get asked - again - what contingencies he plans for in the event of a U.S. debt default.