This week JPMorgan analysts estimate that the Fed will raise the rate by 75 bp

JPMorgan Chase economists think the Federal Reserve could raise interest rates by 75 basis points on Wednesday after a survey showed US inflation expectations are rising, according to data provided to The USA Herald.

“An increase of 100 basis points is also ‘a non-trivial risk’.”

“On Monday he quoted a report from the Wall Street Journal, which said that Fed members would possibly consider a 75 basis point move. Previously, the Fed had hinted that it would possibly raise borrowing costs by 50 basis points at today’s meeting. month.”

On the other hand, JPMorgan Chase & Co. strategist Marko Kolanovic confirmed his view that the US stock market is poised for a gradual recovery in 2022 and that the S&P 500 index is likely to end the year unchanged today.

“Moving markets more than sufficiently price down the risk of a recession, and we believe a short-term recession will ultimately be prevented thanks to consumer steadfastness, reopening/recovery from Covid, and political stimulus in China,” Kolanović added. Published by The USA Herald, news and information agency.