The U.S. Federal Reserve decided on Wednesday to hold interest rates steady and indicated that no more hikes will be coming this year.
The decision by the U.S. Federal Reserve to stop raising interest rates — possibly for the rest of the year — does not mark a U-turn in American monetary policy, said Jacob Frenkel, chairman of J.P. Morgan Chase International.
U.S. stocks initially rallied as traders welcomed the Fed's easier monetary stance, which typically supports stock prices. But share subsequently tumbled as investors grew increasingly wary of the central bank's cautious economic projections. The outlook for the U.S. economy took a turn at the end of last year, according to Frenkel. Then, additional uncertainties emerged in the form of slower-than-expected recovery in Europe, global trade tensions and heightened geopolitical risks.
"What I worry most is Europe. Europe is not only Brexit. There is a common element to Brexit, to the yellow vests in France ... they're all long-term" effects of globalization, he said."We did not make sure that the benefits are shared by all. It laid the foundations for populism."
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
JP Morgan and Goldman Sachs are getting more bullish on IndiaIndia has the 'best growth story' among global emerging markets, said J.P. Morgan, as Goldman Sachs raised its rating on Indian stocks to 'overweight' in a Monday report.
Lire la suite »
Regional banks ready to join forces to battle JP Morgan in anticipated merger waveRegional banks are scrambling to keep up as the likes of J.P. Morgan dot the nation with branches, and many expect a wave of friendly mergers.
Lire la suite »
Stocks have room to run — but the global economy must pick up first, says JP MorganJ.P. Morgan says there's still room for a global run-up in equities — but 'the most important thing' is whether the world economy responds to efforts to spur its growth.
Lire la suite »
Boeing's 737 Max could single-handedly hit US GDP if production is halted, JP Morgan saysA production halt of Boeing's 737 Max jets could be felt well beyond the aerospace giant's quarterly profits, according to J.P. Morgan.
Lire la suite »
JP Morgan pledges $350 million to help people at risk of being shut out of the modern economyJ.P. Morgan CEO Jamie Dimon has voiced concern about the declining labor force participation rate in the U.S. and the shortfalls of the educational system in preparing people for emerging roles. I
Lire la suite »
Morgan Stanley holds top spot as activist defense firm: dataMorgan Stanley was ranked as the top adviser to companies targeted by activist i...
Lire la suite »
Morgan Freeman Converted His 124-Acre Ranch Into A Giant Honeybee Sanctuary To Save The BeesMorgan Freeman, the actor, film director and philanthropist has added a new title to his name: Beekeeper. The 81-year-old celebrity decided to convert his 124-acre Mississippi ranch into a bee sanctuary.
Lire la suite »
Morgan Freeman Converted His 124-Acre Ranch Into A Giant Honeybee Sanctuary To Save The BeesMorgan Freeman, the actor, film director and philanthropist has added a new title to his name: Beekeeper. The 81-year-old celebrity decided to convert his 124-acre Mississippi ranch into a bee sanctuary.
Lire la suite »
Morgan Stanley takes top spot in ranking of commodities banksMorgan Stanley brought in the most revenue from commodities of any of the major ...
Lire la suite »
Trump's sanctions and OPEC supply cuts are about to push oil prices higher: Morgan StanleyThe oil market will soon swing into undersupply, supporting Brent crude above $75 a barrel, Morgan Stanley forecasts.
Lire la suite »