JPMorgan Chase Blasts ‘Sell America’ Calls, Says US Still Outperforming on Growth Standpoint
JPMorgan Chase defends the US economy against ‘Sell America’ sentiments, asserting its ongoing growth. In a CNBC interview, Priya Misra from JPMorgan Asset Management highlights that investors are moving towards fixed-income securities for diversification and risk protection, not to abandon US assets. She anticipates that the Federal Reserve will continue to lower interest rates in the near future.
Banking titan JPMorgan Chase believes calls for ‘Sell America’ are unfounded as the US continues to display economic exceptionalism.
In a new CNBC interview, Priya Misra, JPMorgan Asset Management fixed-income portfolio manager, says investors are pouring funds into fixed-income securities, which are assets that allow lenders to generate predictable interest along with the return of capital once the investment matures.
Misra says investors are shifting into fixed-income securities not to exit US assets, but to diversify and shield against economic risks.
She also believes that the current interest rate environment is restrictive and that the Fed will continue to cut rates in the coming months.
