JPMorgan Chase still expects the Federal Reserve to cut interest rates by 50 basis points next week
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JPMorgan Chase still expects the Federal Reserve to cut interest rates by 50 basis points next week, although the CPI report may lead some FOMC members to lean towards a 25 basis point cut. The bank believes that the current weakness in the labor market supports the rationale for a 50 basis point cut. JPMorgan Chase Asset Management, on the other hand, believes that the Federal Reserve will cut rates by 25 basis points, pointing out that inflation has cooled and there are no serious issues, therefore no need for aggressive action
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