Core Viewpoint - JPMorgan's chief economist Michael Feroli's team now expects the Federal Reserve to cut interest rates in December, revising their previous forecast of a delay until January [1][3] Group 1: Interest Rate Predictions - JPMorgan indicates that comments from key Federal Reserve officials, particularly from New York Fed President John Williams, have prompted a reassessment of the rate cut timeline [1] - The probability of a 0.25% rate cut in December has risen to nearly 90%, significantly up from less than 30% a week prior [3] Group 2: Economic Indicators - Williams noted that as the labor market cools, the downside risks to employment have increased, while the upside risks to inflation have diminished, suggesting room for further rate cuts in the near term [3] - The Federal Reserve's monetary policy meeting is scheduled for December 9 and 10, with JPMorgan predicting rate cuts in both December and January [1]
小摩改口:美联储12月将减息,一改之前认为减息将推迟到明年1月份的预测