The persistence of price pressures caught many investors off guard this year.
Traders in other markets were paying close attention to the reverberations from crypto.
Strategists are split on whether the Fed can successfully carry out a soft landing.
An overly aggressive path of hikes to combat the spiraling cost of living may backfire, firm strategists said.
The focus on central bank tightening isn't just confined to the U.S.
The bond markets suggest inflation will be a lingering concern for the long term.
The firm's chief fixed-income strategist says the central bank risks undercutting the U.S. economic recovery.
Boomers and the like may have the most to lose from price pressures and rising rates.
J.P. Morgan team also expects the Fed to raise rates four times in 2022 starting in March.
The firm's analysts said there are still too many risks for investors looking to go into buying mode.