TechFlow news, according to forexlive, JPMorgan commented on the Federal Reserve's rescue program, stating that although the Fed aims to tighten financial conditions to suppress aggregate demand, they do not want this nonlinear situation to spiral out of control quickly, which could negatively impact taxpayers. While they intend to make credit more expensive, they should not wish for high-quality borrowers to be unable to obtain loans at any cost. If they have indeed used the right tools to address financial contagion risks (time will tell), then they can also use appropriate tools to continue tackling inflation risks—by raising interest rates.
Therefore, we continue to expect a 25 basis point rate hike at next week's FOMC meeting.Original link
