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JPMorgan’s Kelly Warns Fed Cuts Risk Hurting Stocks and Bonds
Yahoo Finance· 2025-09-15 17:24
The Marriner S. Eccles Federal Reserve building in Washington. `` ```` The Federal Reserve’s widely expected interest rate cut this week will increase risks for stocks, bonds and the dollar if it’s perceived to be driven by political pressure and doesn’t align with the central bank’s forecasts for the economy, according to David Kelly, chief global strategist at JPMorgan Asset Management. `` ```` Wall Street bond and stock investors, who have been cheering over the Fed’s expected resumption of interest rat ...