JPMorgan Revises Forecast: Fed Expected to Cut Rates in December

According to ChainCatcher, JPMorgan economists have revised their forecast, now predicting that the Federal Reserve will initiate interest rate cuts in December. This marks a reversal from the bank's previous assessment a week ago, which anticipated that policymakers would delay rate cuts until January of next year. The research team noted that statements from several influential Federal Reserve officials supporting a near-term rate cut prompted them to reassess the situation. Currently, JPMorgan expects the Federal Reserve to implement two 25 basis point rate cuts in December and January.