J.P. Morgan Asset Management - The Weekly Brief

24.06.2019 10:38 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Auf ihrer jüngsten Sitzung blieb die US-Notenbank Federal Reserve (Fed) ihrer gemäßigten

Linie treu, die sie Anfang des Jahres eingeschlagen hatte. Dabei geht es auch darum, den

Zinserwartungen des Marktes gerecht zu werden. Wie die Fed ferner bestätigte, gibt die USWirtschaft zwar generell ein positives Bild ab; das Wirtschaftswachstum sei aber nicht mehr

„solide“, sondern nur noch „moderat“. Zudem verwies sie auf die anhaltend niedrige Inflation

und korrigierte ihre Inflationsprognose für 2019 deutlich nach unten. Der Markt geht

weiterhin davon aus, dass die Fed ihre Geldpolitik lockern wird und erwartet bis Jahresende

drei Zinssenkungen. Da der Ausschuss ein rückläufiges Wachstum und eine schwache Inflation

konstatiert, sind wir der Ansicht, dass die Fed auf ihrer nächsten Sitzung im Juli die Zinsen

senken wird.

JPMAM_The Weekly Brief_24.06.2019.pdf

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