Jp Morgan looking for a cascade of Federal Open Market Committee (FOMC) rate cuts aheadAnalysts at JPM were tipping a September rate cut, and still do.
They expect cuts each quarter to follow.
But ... they add that there is a risk of a rate cut at every meeting "if the unemployment situation continues to deteriorate".
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Sheesh, how bad do they expect it to get???
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Jp Morgan looking for a cascade of Federal Open Market Committee (FOMC) rate cuts ahead (https://www.forexlive.com/centralbank/jp-morgan-looking-for-a-cascade-of-federal-open-market-committee-fomc-rate-cuts-ahead-20240731/)
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