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Don't Get Blindsided By Cooling Prices, JPMorgan's Michele Says
The chief investment officer at $JPMorgan (JPM.US)$ Asset Management Bob Michele is warning that the Fed could continue the fight against inflation in the second half, pushing terminal rates to as high as 6%. That defies a growing consensus that interest rates will peak in June.
“It’s still a one-in-three chance, but it’s a legitimate risk,” Mich...