Market expectations are shifting towards a potential Federal Reserve rate adjustment, with both JPMorgan and Fitch offering insights on the upcoming meeting. While JPMorgan anticipates a 25 basis point decrease at their September gathering, citing uncertainties regarding inflation, they also predict a market response to high-inflation data, potentially postponing the cut until October or December. Their research suggests a core CPI reading exceeding 0.4% might lead to a 1.5–2% decline in the S&P 500 while a reading between 0.35% and 0.40% could result in a 0.5–1% loss. Conversely, a reading below 0.25% might trigger a 1.25–1.75% gain for the index. Meanwhile, JPMorgan CEO Jamie Dimon acknowledged economic slowdown’s impact on Fed rate changes, but believes a direct link is unlikely.