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Fed’s 50bps cut may send wrong message to equity markets, says JPMorgan’s David Kelly

DeFi Daily News by DeFi Daily News
September 18, 2024
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Fed’s 50bps cut may send wrong message to equity markets, says JPMorgan’s David Kelly
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David Kelly, JPMorgan Asset Management chief global strategist; Claudia Sahm, New Century chief economist; and Jim Caron, CIO of cross-asset solutions at Morgan Stanley Investment Management, join CNBC’s ‘Power Lunch’ to break down the Fed’s decision to cut interest rates by 50 basis points and what it means for markets.

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Tags: 50bpsbreaking newsbusinessCablecable newscnbccutDavidequityFedsfinance newsfinance stockfinancial newsJPMorgansKellyMarketsmessageMoneymoney tipsNewsnews channelnews stationsendStock marketStock market newsstocksus newsworld newsWrong
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