JPMorgan still expects the Fed to cut rates by 50 basis points next week

Odaily Odaily News: JPMorgan Chase still sticks to its forecast that the Federal Reserve will cut interest rates by 50 basis points next week. The bank said that the CPI report may make some FOMC members inclined to cut interest rates by 25 basis points, but they still believe that the reason for a 50 basis point rate hike is convincing as the focus now turns to the weakness in the labor market. However, JPMorgan Asset Management believes that the Federal Reserve will cut interest rates by 25 basis points next week. The agency said that inflation has now cooled and there is really no serious inflation problem. The CPI data does not require the Federal Reserve to take drastic action, and it is happy to see a 25 basis point rate cut next week. (Jinshi)