JPMorgan’s Kelsey Berro Says July Fed Rate Hike Is Unlikely

JPMorgan Asset Management fixed-income portfolio manager Kelsey Berro said a Federal Reserve rate hike in July is probably off the table, according to Bloomberg. Berro said the recent payrolls report points to a labor market that is stable but not strong enough to decisively sway the Fed, and that inflation data will be the key factor in determining future rate moves. She added that market expectations remain split, with some investors anticipating hikes by year-end and others expecting cuts.