Fed Getting US Ready for Rate Hikes, JPMorgan's Michele Says

AI Summary

JPMorgan Asset Management's global head of fixed income, Bob Michele, stated that the Federal Reserve is preparing the U.S. economy for potential rate hikes, signaling a hawkish stance despite the recent decision to pause rate increases.

Bob Michele, JPMorgan Asset Management's global head of fixed income, says the Federal Reserve's policy-setting Federal Open Market Committee is showing a hawkish tilt after its decision to leave rates unchanged. He speaks on "Bloomberg Surveillance: The Fed Decides." (Source: Bloomberg)