The Fed's threshold for rate cuts still looks 'incredibly high,' JPMorgan says
A mild U.S. recession may not be sufficient for the U.S. Federal Reserve to start cutting interest rates, says Tai Hui of JPMorgan Asset Management.
Tai Hui, of JPMorgan Asset Management, says that a mild recession in the United States may not be enough for the U.S. Federal Reserve (Fed) to begin cutting interest rates. He said that although many people talk about the Fed cutting interest rates in 2020 our baseline still says the Fed will remain on hold. Tai Hui of JPMorgan Asset Management believes a mild U.S. recession may not be enough for the Federal Reserve to start reducing rates.