JPMorgan expects the Federal Reserve to cut interest rates in December, overturning its forecast from a week ago.
ChainCatcher news, according to Golden Ten Data, JPMorgan economists have changed their forecast and now believe that the Federal Reserve will begin cutting interest rates in December, reversing the bank's judgment from a week ago that policymakers would delay rate cuts until January next year. The research team stated that several key Federal Reserve officials have recently expressed support for rate cuts, prompting them to reassess the situation. Currently, JPMorgan expects the Federal Reserve to implement two 25 basis point rate cuts in December and January next year, respectively.
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