JPMorgan Trading Desk Adopts Cautious Stance on U.S. Equities Following Fed Comments

Traders at JPMorgan Chase are scaling back bullish stock forecasts for the coming weeks after Federal Reserve Chairman Kevin Warsh’s hawkish remarks increased expectations for interest rate hikes.

31 Aug, 16:51 — 31 Aug, 16:51

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bloombergHigh8h ago

JPMorgan Traders Drop Bullish View on Stocks After Warsh Speech

JPMorgan Chase & Co.’s trading desk is shifting to a “tactically cautious” view on US stocks for the next few weeks after hawkish remarks by Federal Reserve Chairman Kevin Warsh led markets to boost bets on interest-rate hikes this year.

By Jessica Menton

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JPMorgan Trading Desk Adopts Cautious Stance on U.S. Equities Following Fed Comments

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JPMorgan Traders Drop Bullish View on Stocks After Warsh Speech

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