Jp Morgan looking for a cascade of Federal Open Market Committee (FOMC) rate cuts ahead

[forex4you]

Jp Morgan looking for a cascade of Federal Open Market Committee (FOMC) rate cuts ahead

Analysts 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

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