JPMorgan expects the Fed to cut interest rates in December, overturning its forecast from a week ago.
JPMorgan economists have changed their forecast, believing that the Fed will start cutting interest rates in December, reversing the bank's judgment a week ago that policymakers would delay rate cuts until January.
The research team stated that several heavyweight officials from the Fed support recent statements regarding interest rate cuts, prompting them to reassess the situation. Currently, JPMorgan expects the Fed to make two cuts of 25 basis points each in December and January.
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JPMorgan expects the Fed to cut interest rates in December, overturning its forecast from a week ago.
JPMorgan economists have changed their forecast, believing that the Fed will start cutting interest rates in December, reversing the bank's judgment a week ago that policymakers would delay rate cuts until January.
The research team stated that several heavyweight officials from the Fed support recent statements regarding interest rate cuts, prompting them to reassess the situation. Currently, JPMorgan expects the Fed to make two cuts of 25 basis points each in December and January.