JPMorgan Predicts 50 Basis Point Rate Cut from Fed This Month
Publication Time:2024-09-14 02:16:06
Leading financial institution JPMorgan recently issued a statement, sticking to its prediction regarding the possible policy adjustment that the US Federal Reserve System (Fed) might undertake in the current month. JPMorgan forecasts that the Fed will lower the benchmark interest rate by 50 basis points this month to cope with changes and uncertainties in the current economic environment. This prediction reflects the market's concern over the Fed's future policy direction and the anticipation of central bank actions to support economic growth when global economies face challenges.
Fed
rate cut
JPMorgan
50 Basis Points