As global markets keenly await the US Federal Reserve (Fed) monetary policy decision on Wednesday, JP Morgan released details of its latest survey highlighting easy inflation and recession woes.
“Most traders believe global inflation has peaked, while the potential recession has emerged as the main risk to markets this year,” said JP Morgan’s annual survey of institutional and professional trading clients.
It’s worth noting that 30% of respondents marked the global downturn as their top concern in the latest survey, up from the previous 5.0%.
Additional findings
44% of the 835 respondents predicted inflation will decrease in 2023.
A further 37% forecast that price rises would level off.
Also read: US Dollar Index probes DXY bears above 102.00 as Fed interest rate hike looms
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