Central Banks
JPMorgan Strategists See Last Big Fed Rate Hike in September
- Growth-policy trade-off to improve in the second half: JPM
- Expect growth stocks to outperform value as rally builds
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The Federal Reserve is likely to deliver the last of its big rate hikes in September, setting up stocks to continue rallying in the second half, according to JPMorgan Chase & Co. strategists.
“We expect another outsized Fed hike in September, but post that we would look for the Fed not to surprise the markets on the hawkish side again,” strategists led by Mislav Matejka wrote in a note on Monday. They expect the trade-off between growth and monetary policy to improve from here on, and “help the overall market to keep recovering.”