If the Federal Reserve wants to lower inflation, they need to cut interest rates, according to JPMorgan.
JPMorgan strategist Jack Manley said lower interest rates would help lower shelter costs.
"You're not going to see meaningful downward pressure on shelter costs until the Fed lowers interest rates," Manley said.
AdvertisementIf the Federal Reserve wants to lower inflation back to its long-term target of 2%, it needs to start cutting interest rates, according to JPMorgan strategist Jack Manley.
"A lot of what's going on today can be very closely linked to the level of interest rates.
Persons:
Jack Manley, Manley, —
Organizations:
Federal Reserve, JPMorgan, Service, Bloomberg