JPMorgan: Fed rate cut may not drive another stock market rally
Thursday, Sep 5, 2024 3:20 am ET
1min read JPMorgan said the Federal Reserve is about to start cutting interest rates, but investors who think this will spark a new wave of gains in the stock market are mistaken. Strategists led by Mislav Matejka at JPMorgan said the Fed's eventual rate cut is at least partly in response to slowing economic growth, which could offset the positive impact on stocks.
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