JPMorgan: The Federal Reserve should not cut interest rates in December

ChainCatcher news, according to Jinshi reports, Bill Aigen, a bond expert at JPMorgan Asset Management, warned the market ahead of the next Federal Reserve meeting that the room for interest rate cuts may not be as large as it imagines, and central banks around the world should be cautious about cutting rates again in December.

He added that this is due to some signs indicating that the U.S. economy is starting to heat up again, including strong GDP growth, slightly higher-than-expected inflation data from last month, and record stock prices. Wage, service, and housing inflation appear particularly tricky and may even rise. Housing prices remain one of the biggest drivers of inflation in October, rising 4.9% year-on-year. The Federal Reserve has cut rates by 75 basis points so far this year and may be closer to the neutral rate than it believes.