JPMorgan Chase economists think the Federal Reserve could raise interest rates by 75 basis points on Wednesday after a survey showed US inflation expectations are rising, according to data provided to The USA Herald.
“An increase of 100 basis points is also ‘a non-trivial risk’.”
“On Monday he quoted a report from the Wall Street Journal, which said that Fed members would possibly consider a 75 basis point move. Previously, the Fed had hinted that it would possibly raise borrowing costs by 50 basis points at today’s meeting. month.”
On the other hand, JPMorgan Chase & Co. strategist Marko Kolanovic confirmed his view that the US stock market is poised for a gradual recovery in 2022 and that the S&P 500 index is likely to end the year unchanged today.
“Moving markets more than sufficiently price down the risk of a recession, and we believe a short-term recession will ultimately be prevented thanks to consumer steadfastness, reopening/recovery from Covid, and political stimulus in China,” Kolanović added. Published by The USA Herald, news and information agency.