Category: Federal Reserve

Why the Fed needs to cut interest rates to lower inflation, according to a JPMorgan strategist

US Federal Reserve Chair Jerome Powell attends a press conference in Washington, DC, on March 22, 2023. Liu Jie/Xinhua via Getty Images If the Federal Reserve wants to lower inflation, they need to cut interest rates, according to JPMorgan. JPMorgan strategist Jack Manley said lower interest rates would help lower shelter costs. “You’re not going to see meaningful downward pressure on shelter costs until the…

The market sees a less-than-50% chance of a June rate cut after hot factory data

Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on November 01, 2023 at the Federal Reserve in Washington, DC. The Federal Reserve left interest rates unchanged at a range of 5.25 percent to 5.50 percent, keeping rates the highest they have been in 23 years. Kevin Dietsch/Getty Images Bond-market expectations of a June rate cut…