JPMorgan: Still expects the Federal Reserve to cut interest rates for the first time in June, with the possibility of an earlier rate cut still remaining

On February 1st, JPMorgan Chase commented on the FOMC statement and Powell's pressure on the market, stating that their analysts still believe that June will be the time for the first interest rate cut. JPMorgan Chase stated: "We maintain our expectation that the Federal Reserve will make its first interest rate cut in June, but after Powell's speech, it is not difficult to see that employment and inflation data will prompt the committee to cut rates in May."