Bloomberg Surveillance · Wednesday, October 28, 2026
Priya Misra of J.P. Morgan discusses how the Fed's acknowledgment of tightened financial conditions suggests policymakers believe higher interest rates are working through the economy, reducing the urgency for immediate rate hikes.
“So all this idea that the AI trade is not interest sensitive, I think he's pushing back against it. That's the area he was a little explicit in.”
“I think they looked at the market and said, this is doing the work. So we can actually then, the urgency goes down for us to hike.”