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

Bob Michele, the global head of fixed income at JPMorgan Asset Management, indicates that the Federal Open Market Committee is exhibiting a hawkish tilt despite maintaining current rates. He asserts that the US economy remains in good shape, characterized by economic resilience and stable growth. This stability may increase risk appetite, potentially benefiting speculative investments such as crypto. Michele shared these insights during an appearance on Bloomberg Surveillance: The Fed Decides regarding Federal Reserve policy deliberations.