JP Morgan Chief US Economist Feroli thinks a 50bps FOMC rate cut ‘the right thing to do’
JP Morgan’s Chief US Economist Michael Feroli on the US consumer: slower income growth could prove a headwind to consumer spending growth this has been the engine powering the economy in recent quarters policy is restrictive downside employment risks are growing upside inflation risks are ebbing Recommends a 50bp Fed Funds rate cut: we still…
