Morgan Stanley Sees More Fed Hikes While JPMorgan Expects Pivot
- Fed is likely to continue tightening into a recession: Wilson
- JPMorgan says bets of peaking inflation may prompt Fed pivot
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Top Wall Street strategists disagree over the impact of weaker economic data on the Federal Reserve’s policy outlook and what it’ll mean for stocks.
While Morgan Stanley strategists say it’s too early to expect the Fed to stop tightening its policy even as fears of a recession grow -- suggesting stocks have more room to fall before finding a bottom, JPMorgan Chase & Co. strategists say bets that inflation has peaked will lead to a Fed pivot and improve the picture for equities in the second half.