JPMorgan Trading Desk Warns U.S. Stocks Face Near-Term Pressure from Fed Independence Risks

JPMorgan Securities' trading desk said on Jan. 12 that risks to Federal Reserve independence pose at least a short-term threat to U.S. equities, BlockBeats reports. Reports Sunday night of a criminal probe into the Fed weighed on markets, with stock futures and the dollar lower and flows into gold. Andrew Tyler said fundamentals support a tactical long stance, but risks around Fed independence cap upside and warrant near-term caution.