JPMorgan Shifts Forecast: Fed Expected to Cut Rates This Fall

JPMorgan economists have recently shifted their prediction for the Federal Reserve’s actions, now expecting interest rate cuts in December. This marks a change from the bank’s previous forecast, which anticipated that policymakers would postpone rate adjustments until January of next year. The shift is attributed to recent statements made by prominent Fed officials who advocate for near-term rate cuts. JPMorgan forecasts two 25 basis point rate reductions in December and January to achieve this policy change.