TechFlow news, according to Jinshi News, economists from JPMorgan Chase said that Wednesday's consumer inflation report and the Federal Reserve meeting have increased the likelihood of the first rate cut occurring in September. However, their baseline forecast still points to a rate cut in November.
"Overall, although there was a slight surprise in this year’s median dot plot, our view of the Fed this afternoon hasn't changed much," wrote Michael Feroli, Chief U.S. Economist at JPMorgan Chase, in a report. "We continue to expect the first rate cut in November, though following this morning's data, risks are now skewed more toward September rather than December."
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