JP Morgan: Fed's 50bp rate cut in September is the "right thing to do"
I'm PortAI, I can summarize articles.
Morgan Stanley's Chief US Economist Michael Feroli stated that US consumers have been the engine driving economic growth in recent quarters, but slowing income growth may hinder consumer spending growth. Currently, policies are restrictive, the downside risks to employment are increasing, and the upside risks to inflation are diminishing. Therefore, they still believe that it is the right move for the Federal Reserve to cut interest rates by 50 basis points at the September meeting
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: JIN10 The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments