Fed Euphoria May Be Overdone Given How Far Markets Have Rallied
JPMorgan Asset Management’s Kelly says a politicized Fed would add layer of risk to markets.
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There’s a case to be made that the expected interest rate cut this week from the Fed won’t be good for stocks and bonds. Here’s David Kelly from JPMorgan Asset Management:
Kelly, chief global strategist at the asset management unit, said he sees little evidence in the Fed’s own forecasts for growth and inflation to justify the rate cut: