JPMorgan Forecasts 50 Basis Point Rate Cut from Fed in September
Publication Time:2024-08-07 02:21:06
Following market volatility caused by last Friday's Non-Farm Employment Report, JPMorgan Asset Management stated that its fundamental prediction of a soft landing for the US economy remains valid. However, Kim Crawford, a fixed income portfolio manager, emphasized that considering the possible inclusion of some 'noise' in the report, subsequent data releases may show the labor market slowing down gradually. She further pointed out that if the overall performance of the labor market does not improve by the time of the September Fed meeting, from a risk management perspective, a 50 basis point rate cut becomes a possible option.
Fed
rate cut
non-farm employment report
September
soft landing