JPMorgan (JPM) CFO says loss of Fed independence often leads to steeper yield curves and damages economic dynamism
JPMorgan's CFO's comments on the loss of Fed independence suggest potential implications for monetary policy and yields, hinting at a steeper yield curve if such independence diminishes.
US Building Permits Prel (Oct) 1.411M vs. Exp. 1.412M (Prev. 1.415M )
US Inflation Rate YoY (Dec) Y/Y 2.7% vs. Exp. 2.7% (Prev. 2.7%)
JPMorgan (JPM) CFO says loss of Fed independence often leads to steeper yield curves and damages economic dynamism
US Average Weekly Prelim Estimate ADP (4-week, w/e 20th Dec) +11.75k (Prev. +11.5k, Rev. +11k)
US ADP Employment Change Weekly 11.75K (Prev. 11.5K )
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This could signal heightened uncertainty for fixed income and equities, as markets often respond to concerns about central bank credibility. Watch for potential shifts in market sentiment, particularly in US rates and the USD, as the implications of these remarks unfold.
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