JPMorgan Chase & Co.: Even if the Fed doesn't cut interest rates, it won't prevent it from bullish equities

WendyCS

2024-03-14 03:44:25

JPMorgan Chase & Co. expects that the rebound in commodity inflation will weaken Fed officials’ willingness to cut interest rates this year, but this will still not affect their bullish view on the U.S. stock market. A team led by Andrew Tyler, head of U.S. market intelligence, said in a note to clients that following the higher-than-expected CPI data in February, the “risk of momentum easing” could bring a long-overdue retracement of about 5%, while the near-term AI catalyst could prevent the market from falling sharply.

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