According to a report by Golden Ten, Bill Egan, a bond expert at JPMorgan Asset Management, warned the market before the next Federal Reserve meeting that there may not be as much room for the Fed to cut interest rates as it imagines, and central banks around the world should not cut interest rates again in December. He added that this is because there are some signs that the US economy is starting to heat up again, including strong GDP growth, slightly higher than expected inflation data from last month, and record breaking stock prices. Wage, service, and housing inflation seem particularly tricky and may even rise. Housing prices remained one of the biggest drivers of inflation in October, with a year-on-year increase of 4.9%. The Federal Reserve has already cut interest rates by 75 basis points so far this year, which may be closer to a neutral rate than it believes. @ftiioma2