JPMorgan Chase: Expects Fed to Cut Interest Rates by 25 Basis Points in September

BlockBeats News, September 10th, JPMorgan Chase predicts that the Federal Reserve will cut interest rates by 25 basis points in September, even though there is uncertainty in the inflation data. It is expected that the year-on-year growth rate of CPI in August will be 2.9%, and the core CPI year-on-year growth rate will remain steady at 3.1%. If the inflation data exceeds expectations, the rate cut may be postponed until October or December.

JPMorgan Chase maintains a tactical bullish stance, but emphasizes that inflation, employment, and trade risks remain potential concerns.