PANews reported on December 7 that according to NetEase News, Bill Eigen, a bond expert at JPMorgan Asset Management, warned the market before the next Fed meeting that the Fed may not have as much room to cut interest rates as it thought, and central banks would be better off not cutting 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 last month, and record stock prices. Wage, service and housing inflation look particularly tricky and may even rise. Housing prices remained one of the biggest drivers of inflation in October, up 4.9% year-on-year. The Fed has cut interest rates by 75 basis points so far this year and may also be closer to the neutral interest rate than it thinks.