On September 10, JPMorgan Chase predicted that the Federal Reserve would cut interest rates by 25 basis points in September, despite uncertainty surrounding inflation data. It projected August CPI growth of 2.9% year-on-year, with core CPI growth remaining stable at 3.1%. If inflation data exceeds expectations, the rate cut could be postponed to October or December.
JPMorgan Chase remains tactically bullish, but emphasizes that inflation, employment and trade risks remain potential concerns.
