Jupiter Asset Management: The Fed may follow the ECB in cutting rates

Harry Richards, fixed income investment manager at Jupiter Asset Management, said in a report that as the U.S. labor market weakens faster, consumer weakness becomes more apparent, and housing inflation recedes further, the Federal Reserve may follow the European Central Bank and cut interest rates in the coming quarters. He said: "If the Federal Reserve keeps interest rates at a higher level for too long while other developed central banks ease monetary policy, it may have serious consequences." (Jinshi)