JPMorgan Predicts 50 Basis Point Rate Cuts in September and November by the Fed
Publication Time:2024-08-02 23:52:04
Leading financial institution JPMorgan has published a report stating that its economic model forecasts the Federal Reserve to implement a 50 basis point rate cut at both of its meetings in September and November. This prediction is based on the current global economic landscape, market uncertainty, and concerns over slowing US economic growth. JPMorgan's analytical team believes that such rate-cutting measures will help stabilize financial markets, reduce corporate borrowing costs, and stimulate consumer spending, thereby supporting sustained economic growth in the US.
Fed
rate cut
JPMorgan
Basis Points