JPMorgan: Fed Acts Preemptively, but Market Reaction is Mild

Article is form Jinse
September 18, 2024
This article is translated by ChatGPT Show original
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"According to Golden Finance, Brad Bechtel, Global Head of FX at Jefferies, said that the market expectations were almost a coin toss before the Fed made its interest rate decision. Therefore, the Fed clearly surprised half of the market. The Fed is trying to get ahead of a potential economic slowdown and provide support. But so far, the market reaction hasn't been overly dramatic, with much of the reaction already priced in."

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