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Kolanovic, JPMorgan Still Skeptical. Of Everything
Jerome Powell's reluctance to countenance market speculation about a return to rate hikes is indicative of an "opportunistic disinflation strategy," whereby the Fed doesn't "act in the face of moderately elevated inflation, instead wait[ing] for external circumstances to return inflation to target while standing by to aggressively resist inflation turning too hot."
That's according to JPMorgan analysts led by Marko Kolanovic, who weighed in Monday on the outlook following a busy week across the
I would hate to be an equity analyst whose livelihood depended on my ability to predict the direction of equity markets. There are just way too many inputs for that ever to be something one can do consistently or with a high degree of confidence.