Bob Michele, chief investment officer for fixed income at JPMorgan Chase & Co., said the Fed will start cutting interest rates in September as economic data shows the US is headed for a recession. However, he said the Fed's tightening cycle is not over yet, with another "unnecessary" rate hike coming at the May meeting.
JP Morgan Strategist Predicts the Fed is Expected to Cut Interest Rates in September and the Economy is Approaching a Recession.
Bob Michele, chief investment officer for fixed income at JPMorgan Chase & Co., said the Fed will start cutting interest rates in September as economic data shows the US is headed for a recession.
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