TechFlow news, November 27 — According to Jinshi Data, JPMorgan economists have revised their forecast, now expecting the Federal Reserve to start cutting interest rates in December, reversing their previous assessment a week earlier that policymakers would delay rate cuts until January next year. A research team led by JPMorgan's chief U.S. economist Michael Feroli said on Wednesday that recent statements from several key Fed officials—particularly New York Fed President Williams—supporting near-term rate cuts prompted them to reassess the outlook. JPMorgan had previously expected rates to remain unchanged in December after the delayed September jobs report was released last week. The bank now expects two 25-basis-point rate cuts, one in December and another in January next year. "We are back to calling for a final rate cut in January," Feroli wrote in a client note. "While the outcome of the next FOMC meeting remains uncertain, we believe the latest round of Fed official commentary has tipped the balance toward a December cut."
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