JPM Asset Management says markets are right to bet on US rate cuts

Bloomberg/Ruth Carson/5-17-2023

“A US recession is a virtual certainty and the Federal Reserve may lower interest rates by the third quarter as growth loses momentum, according to JPMorgan Asset Management.”

USAGOLD note: Confused? Don’t feel like the Lone Ranger. JPMorgan is completely at odds with the poll of top economists cited below.