(Bloomberg) -- A selloff that saw US stocks sink into a bear market last week amid red-hot inflation data and a sharp Federal Reserve rate hike will likely ease in the second half, according to JPMorgan Chase & Co. “The call of peak Fed hawkishness got delayed, but it is not broken, for the second half,” strategists led by Mislav Matejka wrote in a note. “The continued adverse repricing of the Fed has understandably hurt markets, but that doesn’t need to be the template.” They also expect inflation pressures to ease in the second half.