JPMorgan’s Kolanovic Sees ‘Modestly Wider’ Path to Soft Landing
- Bank still projects interest-rate hike at Fed’s July meeting
- European shares set to underperform US stocks, firm says
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A welcome downshift in inflation data has led JPMorgan Chase & Co.’s Marko Kolanovic to soften his stance on a potential US recession.
The bank’s chief global markets strategist, who has warned investors to shun equities amid looming economic risks, said the consumer price index for June has slightly increased the Federal Reserve’s chances of a “soft landing” — or taming inflation without triggering a downturn.