J.P. Morgan Predicts No More Fed Rate Hikes in Current Cycle

J.P.Morgan Asset Management predicts that there will be no further interest rate hikes from the U.S. Federal Reserve in this cycle, as inflation data continues to show a downward trend. The bank expects that the impact of rising oil prices on consumer prices will be limited, and that year-over-year headline consumption deflator inflation will be below the Fed's 2% target by the fourth quarter of 2024.