Sylvia Sheng, chief portfolio manager at J.P. Morgan Chase, said that higher policy interest rates will not hinder the development of the US economy because the economy is being strongly driven by the AI capital expenditure cycle, which is largely insensitive to interest rates. She added that the financial environment still provides strong support, credit spreads remain low, and corporate fundamentals remain stable.

Sylvia Sheng, chief portfolio manager at J.P. Morgan Chase, said that higher policy interest rates will not hinder the development of the US economy because the economy is being strongly driven by the AI capital expenditure cycle, which is largely insensitive to interest rates. She added that the financial environment still provides strong support, credit spreads remain low, and corporate fundamentals remain stable.