JPMorgan Chase overturned its "no rate cut" prediction from a week ago and now expects the Fed to cut rates in December.

On November 27, JPMorgan economists changed their forecast, believing that the Fed will start cutting interest rates in December, reversing the bank's judgment a week earlier that policymakers would delay rate cuts until January.
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A research team led by Michael Feroli, the U.S. Chief Economist at the bank, stated on Wednesday that several heavyweight Fed officials, particularly New York Fed President Williams, expressed support for recent statements on interest rate cuts, prompting them to reassess the situation. Currently, JPMorgan expects the Fed to implement two rate cuts of 25 basis points each in December and January next year. ( Jinshi )