Dovish Fed Hike Seen by JPMorgan as Markets Flash ‘Slowdown’
- Bob Michele expects dovish rate hike at December meeting
- Falling inflation expectations feeding higher bond prices
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It may not be the “Powell Put,” but the Federal Reserve is likely to deliver some response to the wave of risk aversion hitting global markets, according to JPMorgan Asset Management’s fixed-income chief.
Policy makers can hardly ignore inversions showing up on the yield curve while a violent sell-off rocks U.S. stocks amid trade tensions, European political risk and plunging oil prices, Bob Michele, chief investment officer at JPMorgan AM said in an interview with Bloomberg Television.