.SPX YTD mountain SPX year to date Here's what they expect, based on six scenarios: 40% chance: CPI rises 0.3%-0.35%: This is the most likely outcome, according to JPMorgan.
Under this scenario, the S & P 500 could fall as much as 0.75% and gain as much as 0.75%.
The S & P 500 would pull back between 1% and 1.25% under this scenario.
12.5% chance: CPI rises between 0.2% and 0.25%: The S & P 500 would jump 1.25% to 1.75% as September rate cut expectations surge, JPMorgan traders said.
"Given the acceleration higher in inflation, rate cut bets for 2024 would evaporate and we will see the return of views of a rate hike."
Persons:
Dow Jones
Organizations:
Federal Reserve, CPI, JPMorgan
Locations:
U.S