JPMorgan Strategist Warns Fed Rate Cuts Won’t Revive U.S. Economy
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最新报道：JPMorgan strategist David Kelly warns that optimism for Fed rate cuts is misplaced, arguing that monetary easing may backfire by reducing savers' income and creating uncertainty. Despite market rallies, Kelly cites historical cycles where aggressive cuts failed to spur lasting growth without addressing structural issues like productivity and demographics. He expects continued weak hiring and softening demand, limiting policymakers' effective tools.
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