AdvertisementThe Fed doesn't need to cut rates, according to JPMorgan Asset Management's Bill Eigen.
The Federal Reserve may not have as much room to cut interest rates as it thinks, and central bankers would be better off skipping another decrease in December, according to one JPMorgan bond expert.
Bill Eigen, the head of the Absolute Return and Opportunistic Fixed Income team at JPMorgan Asset Management, cautioned markets ahead of the Fed's next meeting, adding that he believed the central banks should pause cutting interest rates.
The interest rate outlook remains mixed on Wall Street, with some forecasters expressing hesitation at the possibility of taking interest rates much lower.
Deutsche Bank suggested the Fed may not be able to cut interest rates at all in 2025, thanks to higher inflation risks stemming from some of Trump's proposed policies.
Persons:
Bill Eigen, We've, Eigen, Trump's, Goldman Sachs
Organizations:
Asset, Federal, JPMorgan Asset Management, CNBC, Deutsche Bank
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