JP Morgan, Goldman Sachs Predict Fed Will Cut Rates In December - SPDR S&P 500 (ARCA:SPY)

JP Morgan and Goldman Sachs have realigned their interest rate outlooks, now forecasting that the Federal Reserve will deliver a quarter-point cut after its Dec. 9-10 meeting.JP Morgan Reverses On Earlier Stance On Rate CutsJP Morgan, reversing its earlier prediction of a pause until January, cited recent comments from central bank officials as the primary driver for the shift.“We now believe the latest round of Fedspeak tilts the odds toward the Committee deciding to cut rates in two weeks,” wrote chief U. ...