Strategist David Roche says we'll avoid a global recession, central banks will 'change the goalposts'
Publishing timestamp: 2023-07-13 08:37:39
Summary
The article discusses the market's expectation of a 25 basis point hike from the U.S. Federal Reserve, but also highlights cooler-than-expected consumer price inflation readings that suggest prices are moderating. Veteran strategist David Roche suggests that the Fed will be hesitant to cut rates until well into next year. He believes that the global economy is facing a period of static growth with high interest rates, and that central banks may need to change their inflation goals. The article also mentions JPMorgan Asset Management's skepticism about the current economic outlook and the potential for higher volatility and pressure on risk assets.
Sentiment: MIXED
Tickers: .STOXX, .NDX, JPM, 3010-HK, .SPX,
Keywords: nasdaq 100 index, prices, economic events, jpmorgan chase & co, u.s. economy, business news, breaking news: economy, economy, stoxx 600, central banking, ishares core msci asia ex japan etf, breaking news: markets, markets, breaking news: investing, s&p 500 index, investment strategy,