A soft landing of the economy is increasingly likely as inflation is set to be cut in half later this year, JPMorgans says
Recent data shows that US inflation has improved from June in not only energy, but also in other areas such as appeal, education, and transportation services. JPMorgans believes that rates will be cut in half by year end based on the strong job report alongside the weaker than expected July CPI report. If inflation continues to cool down at this rate, it is very likely that the Feds will slow down the rate increase. With inflation reaching a peak, rate increase slowing down, and a strong underlying job market, the stock market can see the continue upside into later this year.