Golden Finance reported that JPMorgan Asset Management bond expert Bill Eigen warned the market before the next Federal Reserve meeting that the Fed may not have as much room to cut interest rates as it imagines, and central banks would be better off not cutting interest rates again in December. That's because there are some signs that the U.S. economy is starting to heat up again, including strong GDP growth, slightly higher-than-expected inflation data last month and record stock prices, he added. Wage, services and housing inflation look particularly troublesome and may even rise. Housing prices remained one of the biggest drivers of inflation in October, rising 4.9% year-on-year. The Fed, which has cut interest rates by 75 basis points so far this year, may also be closer to neutral than it thinks.