JPMorgan expects the Fed to cut rates in December, overturning its forecast from a week ago.

According to ChainCatcher news, Jin10 reports that JPMorgan economists have changed their forecast, believing that the Fed will start cutting interest rates in December, reversing the bank's judgment from a week ago that policymakers would delay rate cuts until January next year. The research team stated that several heavyweight Fed officials support recent statements for rate cuts, prompting them to reassess the situation. Currently, JPMorgan expects the Fed to cut rates by 25 basis points twice, in December and January.