JPMorgan Strategist Calls for Fed Rate Cut Amid Inflation Concerns

David Zervos, a senior strategist at JPMorgan, urges the Federal Reserve to reconsider its restrictive monetary policies in response to recent inflationary pressures. He suggests a 0.5 percentage point rate cut as a means to avert labor market slowdown and potentially create over a million new jobs. Zervos’ argument draws attention, especially given the volatility triggered by high Producer Price Index (PPI) data. The crypto market reacted swiftly with Bitcoin hitting a new all-time high.