The Fed could slash rates below 3% to maintain 'notoriously difficult' soft landing, JPMorgan expert says

The Fed could slash rates below 3% to maintain 'notoriously difficult' soft landing, JPMorgan expert says

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None JPMorgan Asset Management's Bob Michele said the Fed could slash rates by 250 basis points in 2024. • None Cuts of that magnitude could send the benchmark rate below 3%. • None That's as a falling inflation rate makes the current federal funds rate more restrictive. There's a good chance that…

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