JPMorgan Chase & Co. has adjusted its prediction for a half-point interest-rate reduction by the European Central Bank (ECB) to December due to a slowdown in economic activity in the eurozone.

This adjustment reflects growing concerns about the economic situation in the region and the potential response of the ECB to mitigate its impact. Initially, the bank expected policymakers to delay this action until January. However, money market traders have now increased their expectations of a 50-basis-point cut next month, raising the probability of this outcome from 10% to 20%.

This change in expectations highlights the uncertainty surrounding the eurozone's economic outlook and the measures that may be taken to address the slowdown. It is clear that there is a sense of urgency among market participants, as they anticipate a potential interest-rate reduction by the ECB in the near future.