Odaily News Expectations for a rate cut from the Federal Reserve are growing, but JPMorgan Chase's London strategy team has poured cold water on it. The bank warned that the real reason behind the rate cut may not be good for the stock market, and may even be a "wrong type of easing," triggering a chain reaction in the market. JPMorgan Chase's strategists expect that the future will be some combination of the first and third scenarios - that is, economic activity slows but inflation picks up. They pointed out that since 1980, the dollar has typically weakened before rate cuts and continued to fall after rate cuts. Bond yields have also fallen accordingly. JPMorgan Chase's strategists said they expect the dollar to hit new lows in most cases and U.S. Treasury yields to continue to fall. (Jinshi)