JPMorgan Chase warns: A Fed rate cut as planned could trigger a sell-off as "good news is out"
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最新报道：According to Bijie.com, on September 9th, while US stocks have reached over 20 new all-time highs this year, JPMorgan Chase warned that if the Federal Reserve cuts interest rates as planned next week, it could trigger a "run out of good news" sell-off. Andrew Tyler, JPMorgan's head of market intelligence, said, "The current bull market appears unstoppable, with new supports emerging as existing ones weaken. However, if the Fed implements the widely expected rate cut at its September 17th meeting, this could become a "run out of good news" event as investors retreat." The S&P 500 has risen over 30% from its April low, just as Trump fired the first shot in the global trade war. The stock market has shown resilience so far. However, with the impact of tariffs beginning to show and recent weak employment data, investors are treading on thin ice as the expected rate cut arrives in September, the worst month for US stocks. Taylor's concerns about the upcoming meeting are that while Thursday's consumer price index (CPI) data is unlikely to prevent the Fed from cutting rates, comments from public and private companies on inflation suggest that more "tariff-induced cost pass-through" is imminent, the speed and scale of which are still unknown. Furthermore, rate cuts could stimulate labor demand, which in turn could trigger wage inflation, which is often "sticky."
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