Summary
- JPMorgan said it expects the Fed to cut the policy rate by 25bp next week to 4.0~4.25%.
- It said some members may push for a larger rate cut, but there would be no calls to hold rates steady.
- It said the dot plot is expected to reflect one additional rate cut after 2025.
On the 12th (local time), according to the economic breaking-news channel Walter Bloomberg, JPMorgan chief economist Michael Feroli (Michael Feroli) said he expects the Federal Reserve (Fed) to cut the policy rate by 25bp to 4.0~4.25% next week.
He said that while some members may advocate a larger rate cut at this meeting, there would be no calls to keep rates unchanged.
He also expected the dot plot (dot plot) to reflect one additional rate cut after 2025.
JH Kim
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