BlockBeats News, February 13th, as the appointment of the Federal Reserve Chair approaches, JPMorgan Chase suggested "selling 2-year US Treasury Bonds" as a tactical trade. The bank expects that even if Kevin Warsh is appointed to lead the Fed, the space for significant rate cuts is limited given the stable economic fundamentals.JPMorgan Chase predicts that the January core CPI may rise to 0.39% on a monthly basis, higher than the market's general expectation of 0.31%, reflecting early-year pricing adjustments and lingering price pressures. The strategist pointed out that strong economic growth and sticky inflation will limit the downside room for short-term interest rates, making it difficult for "short-term rates to significantly fall from current levels".The current market expects the Fed to cut rates by 25 basis points as early as July and again before the end of the year. The 2-year Treasury bond yield slightly rose to 3.47% before the CPI data was released.However, there are also dissenting voices. Greenlight Capital founder Einhorn is betting that the rate cut during Warsh's tenure will exceed market expectations and has bought SOFR futures to position for a looser policy path.