JPMorgan’s Kay Herr has recommended that the U.S. Federal Reserve quickly raise interest rates to move past the current phase of uncertainty. The effective federal funds rate currently stands between 3.50% and 3.75%, unchanged since July 2026. Markets are pricing in a 28% probability of a rate hike at the September 2026 meeting, with market participants closely watching for signals from the Fed on its future policy guidance.
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