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JPMorgan predicts first Fed rate cut likely in November, shifting from previous July estimate. Stay tuned for further updates.
JPMorgan now forecasts Fed Chair Powell's first rate cut of this cycle will occur in November, later than their previous forecast of July. ‣ Citi: September ‣ MS: September
JPMorgan Changes First Fed Rate-Cut View To November From July
JPMorgan has revised its forecast for the first Federal Reserve rate cut, now predicting it will occur in November instead of July. This adjustment reflects a shift in the bank's expectations for monetary policy under Fed Chair Jerome Powell. Other major financial institutions, such as Citi and Morgan Stanley, have their own projections, with both expecting the first rate cut to happen in September.
