Fed Chairman Jerome Powell's Jackson Hole speech increased expectations for an imminent interest rate cut, highlighting a shift toward potentially larger cuts than previously anticipated.
JPMorgan noted that the Federal Reserve is changing its approach from a gradual method to a more cautious pace due to fears of cutting rates too late.
Analysts are now speculating that the Fed may cut rates by an aggressive 100 basis points by the end of the year, contrary to earlier 25 bps expectations.
The current economic landscape is marked by rising unemployment in metro areas and softening job demand, creating a complex scenario for the Fed's dual mandate.
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