On September 12th, JPMorgan Chase still stands by the forecast that the Federal Reserve will cut interest rates by 50 basis points next week. The bank said that the CPI report may make some FOMC members inclined to cut interest rates by 25 basis points, but they still believe that the reason for raising interest rates by 50 basis points is convincing, because the focus is now shifting to the weakness of the labor market. However, JPMorgan Asset Management believes that the Federal Reserve will cut interest rates by 25 basis points next week. The agency said that inflation has now cooled and there is really no serious inflation problem. The CPI data does not require drastic action from the Federal Reserve, and it is good to see a 25 basis point rate cut next week. (Golden Ten)