JP Morgan drops December rate-cut forecast on strong US jobs report

Core Viewpoint - J.P. Morgan has withdrawn its forecast for a 25-basis-point Federal Reserve rate cut in December, aligning with Morgan Stanley's decision, following a stronger-than-expected US jobs report [1] Group 1 - J.P. Morgan's decision reflects a shift in market expectations due to recent economic data [1] - The stronger-than-expected US jobs report has influenced the outlook for interest rates [1]