Fed seems to ‘draw a line in the sand’ on inflation, says JPMorgan, as danger of recession exceeds risk of inflation
August 22, 2022 at 16:49 PM EDT
While it is too early for the Federal Reserve to declare victory on inflation, there are good reasons to believe that it will continue to cool, according to a JPMorgan strategist, and the danger of recession exceeds the risk of inflation staying at a level that could inflict long-term economic damage.