JP Morgan calls for Fed to cut rates by 0.5%
CryptoNewsTerminal Staff05 Sep, 2024
JP Morgan calls for Fed to cut rates by 0.5%
JP Morgan said in a report on the 5th (local time) that "the labor market is slowing down significantly, so the Fed should make a big cut" and "it should cut interest rates by 0.5% instead of 0.25%." explained. "We believe that the central bank should return to neutral as soon as possible," said Michael Feroli, JP Morgan's chief economist. "The neutral rate in the US is 4%, so the Fed needs to rush to cut interest rates."
