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Thursday, November 14, 2024

The Fed won’t pivot from its rate hikes until the end of 2023, as inflation is persistent and the economy isn’t slowing as expected, JPMorgan strategist says

The Fed won’t pivot from its path of interest rate hikes until the end of next year as inflation is persistent and the economy isn’t slowing as expected, according to JPMorgan strategist Julia Wang. That’s contrary to the outlook of many experts in the market, who have warned this year that the Fed …

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