JP Morgan with their outlook for FOMC monetary policy ahead (this in summary):
- “We expect another outsized Fed hike in September, but post that we would look for the Fed not to surprise the markets on the hawkish side again”
- say they expect the trade-off between growth and monetary policy to improve from here, which will assist the overall market to keep recovering
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I posted earlier on a greater degree of circumspection from Goldman Sachs:
