Oil shock to last longer, Fed rate cuts unlikely in near term: Jahangir Aziz
Jahangir Aziz, Co-head of Macroeconomic Research at JPMorgan, sees global markets adjusting to a prolonged phase of geopolitical uncertainty, with oil markets increasingly pricing in extended supply disruptions due to the US-Iran conflict. This prolonged uncertainty is expected to keep pressure on prices and complicate supply dynamics. Aziz also cautions that expectations of near-term rate…
