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JPMorgan Chase: Fed Rate Cut Pace to be Market Key, Short-term Stock Market Expected to Consolidate
Summary: In breaking news, JPMorgan Stanley pointed out that the stock market trend depends on the extent of weakness in US employment data and whether the Fed rate cuts are rapid enough. Traders generally expect a 25 basis point cut this week, but ongoing inflation pressures may slow down Fed decision-making pace. The bank expects the ...
In breaking news, JPMorgan Stanley pointed out that the stock market trend depends on the extent of weakness in US employment data and whether the Fed rate cuts are rapid enough. Traders generally expect a 25 basis point cut this week, but ongoing inflation pressures may slow down Fed decision-making pace. The bank expects the stock market to enter a consolidation phase in the short term, but maintains a bullish view in the long term, based on strong corporate earnings performance, with a target of 7,200 points for the S&P 500 index by mid-2026. It recommends overweighting small-cap stocks and reflation trading strategies, and positioning for year-end market trends on dips.
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Link: JPMorgan Chase: Fed Rate Cut Pace to be Market Key, Short-term Stock Market Expected to Consolidate [Copy]
