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JPMorgan throws in the towel on 2019 Fed........>

FED
FED: JPMorgan throws in the towel on 2019 Fed hikes: "we are now inclined to
think the Fed is on hold for the rest of the year"
- But ... "We continue to look for a hike in late 2020. This reflects three
judgments, in descending order of confidence: first, over time positive output
gaps generate inflation, second, the nominal neutral funds rate is higher than
2.40%, and therefore third, growth will generally be above trend in the coming
year and a half."

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