JPMorgan’s Michele Says Fed Sent ‘Don’t Worry About It’ Message

The Fed sent a reassuring "don't worry about it" signal, according to JPMorgan IM's Bob Michele, as markets were rattled by surging oil prices and heightened geopolitical risk from the war in Iran. That messaging likely calmed investor positioning and may temper near-term volatility and inflation concerns tied to higher oil, though it does not represent a change in underlying policy.

Analysis

The Fed sent a reassuring "don't worry about it" signal, according to JPMorgan IM's Bob Michele, as markets were rattled by surging oil prices and heightened geopolitical risk from the war in Iran. That messaging likely calmed investor positioning and may temper near-term volatility and inflation concerns tied to higher oil, though it does not represent a change in underlying policy.