Fed Can Stay on Hold This Year, JPMorgan's Michele Says
What's reported
Bob Michele, global head of fixed income at JPMorgan Asset Management, says the inflation risk posed by the Iran conflict means the Federal Reserve can stay on hold through year-end on Bloomberg Television. (Source: Bloomberg)
Why it matters
This story is appearing in the Finance & markets feed and is being tracked across multiple outlets. We'll update this post as further details emerge from the primary source.
What to watch
- Confirmation or correction from the original outlet.
- Cross-source coverage in the next news cycle.
- Any official statements or follow-up reporting.
Sources
Related stories
US Stocks Mixed as Oil Jumps, Fed Holds Rates Before Earnings
US equities closed mixed amid volatile trading on Wednesday as oil prices surged and a standoff between the US and Iran over the Strait of Hormuz escalated. Investors also assessed a split policy decision by the Federal Reserve while awaiting earnings from four megacap companies
US Stocks Fall as Oil Jumps, Iran Tensions Rise Before Earnings
US equities declined amid volatile trading on Wednesday as oil prices surged and a standoff between the US and Iran over the Strait of Hormuz escalated. Investors also assessed the Federal Reserve’s policy decision while awaiting earnings reports from four megacap companies after
Pershing Square's Ackman Talks IPO, State of Markets
Pershing Square founder and CEO Bill Ackman discusses the recent IPO of Pershing Square's new closed-end fund and alternative asset manager. Ackman emphasizes that this IPO marks the beginning of a long-term journey, with $5 billion in capital ready to be deployed within weeks. H
Ackman Says It'll Take Weeks, Not Months to Invest IPO Proceeds
Pershing Square founder and CEO Bill Ackman says the company's initial public offering is the "beginning of a journey" during an interview with Dani Burger on "Bloomberg Deals." Ackman’s combined IPO for his closed-end fund and alternative asset manager raised $5 billion. (Source