Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
JPMorgan: Market "overly optimistic" about Fed rate cuts

JPMorgan: Market "overly optimistic" about Fed rate cuts

2024/01/31 12:33

According to Coindesk, the financial markets may be overly optimistic about the speed and pace of the Federal Reserve's easing policy through interest rate cuts this year. The macro strategy team at JPMorgan, led by Shrenick Shah, stated that key areas of inflation closely monitored by the Fed have not shown clear signs of deflation. They believe that the Fed's commitment to counter potential inflation rebound is still underestimated, which opens the door for adjustments in risk assets. Previously, with inflation expected to decline in 2023 and hints of interest rate cuts from the Fed's December meeting, expectations for rate cuts became widespread. According to data from the federal funds futures market, traders expect a rate cut of 140 basis points this year, nearly double the magnitude indicated by the Fed's December dot plot forecast for interest rates.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
pump.fun's market share among Solana-based token launch platforms rises to 84.1%
2
UK government: US companies plan to invest over £1.25 billion in the UK financial services sector

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,765.17
-0.20%
Ethereum
Ethereum
ETH
$4,672.01
-1.87%
XRP
XRP
XRP
$3.11
-0.21%
Tether USDt
Tether USDt
USDT
$1
+0.01%
Solana
Solana
SOL
$247.87
+1.71%
BNB
BNB
BNB
$934.21
+0.56%
USDC
USDC
USDC
$0.9998
+0.00%
Dogecoin
Dogecoin
DOGE
$0.2879
+2.74%
TRON
TRON
TRX
$0.3509
-0.70%
Cardano
Cardano
ADA
$0.9212
-0.94%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter