Summary
- J.P. Morgan said it expects the Fed to implement a 25bp rate cut next week.
- It mentioned the possibility of a rate cut despite Consumer Price Index (CPI) uncertainty.
- J.P. Morgan said that if inflation rises more than expected, the timing of the rate cut could be delayed to October or December.
On the 9th (local time), according to breaking economic news channel Walter Bloomberg, global investment bank (IB) J.P. Morgan forecast that the Federal Reserve (Fed) would cut its policy rate by 25bp next week despite uncertainty over the Consumer Price Index (CPI).
However, J.P. Morgan explained that if inflation rises higher than expected, the timing of the rate cut could be delayed to October or December.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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