JPMorgan Questions Fed's Nonchalance on Middle East Risk: Optimistic Outlook on Inflation and Employment or Miscalculation

BlockBeats News, March 19th, JPMorgan’s analyst Bob Michele stated that he was still “shocked by the Fed’s decision” as it implies that despite everything happening in the Middle East, the economy will continue to accelerate, and employment will remain stable. Michele said, “I don’t see it that way. I think this is real on inflation and will ultimately have a tangible impact on the economy and the labor market.” (FXStreet)