JPMorgan says 2020 might not be the year to think about recession

The Federal Reserve’s change in tone may mean investors should reconsider the timing of the investment cycle, according to JPMorgan Chase & Co.

That means investors shouldn’t be driven by fears of recession for now, JP Morgan analysts said.

The Fed signaled last week that it’s done raising rates for at least a little while, and that it’ll be flexible in reducing bond holdings. The Fed’s changes have already been welcomed by equity investors who boosted the S&P 500 2.5 percent over three sessions, while rates traders have been working to figure out the implications of the newfound