Fed rate cut to trigger ‘sell the news' in stocks, banking giant warns

Wall Street banking titan JPMorgan is cautioning investors that the Federal Reserve’s anticipated interest rate cut on September 17 could trigger a “sell the news” reaction in U.S. equities, despite a rebound in markets since April. According to the bank’s trading desk, led by Andrew Tyler, the rally faces mounting headwinds such as inflation pressures, softening labor data, ongoing trade frictions, and seasonal weakness in September. “This current bull market feels unstoppable with new support forming as f ...