J.P. Morgan "Fed outcome avoided the worst expected… more dissenting votes could come"
JH Kim
Summary
- J.P. Morgan analyst said the Fed's FOMC outcome was not the worst-case scenario the market had expected.
- He said there was also a possibility that more votes opposing a rate cut could have emerged in this Fed decision.
- That day the Fed cut the benchmark interest rate by 0.25 percentage points.
On the 10th (local time), according to foreign media, J.P. Morgan analyst Bob Michele said the result of the United States Federal Reserve (Fed)'s Federal Open Market Committee (FOMC) meeting "was not the worst-case scenario the market had expected."\nMichele added that there could have been more votes against a rate cut in this decision. That day the Fed cut the benchmark interest rate by 25bp (0.25 percentage points).\n
JH Kim
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