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JPMorgan Chase Trading desks are taking a "cautious" stance toward U.S. stocks following reports of an investigation into Federal Reserve
Svmuu News JPMorgan Chase The securities trading division stated that Donald Trump the government’s latest blow to Federal Reserve independence poses a threat to U.S. stock markets, at least in the short term. News that Federal Reserve is facing a criminal investigation sent shockwaves through U.S. markets on Sunday evening, causing stock index futures and the dollar to fall while triggering a flight to safe-haven assets such as gold. JPMorgan Chase Andrew Taylor, Head of Global Market Intelligence, stated: “Although macro and corporate fundamentals support a tactically bullish stance, the risks to the independence of the Federal Reserve act as a headwind for the market, so we remain cautious in the very short term. Risks surrounding the independence of the Federal Reserve may cause U.S. markets to underperform in the near term.” (Jin Shi)
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