JPMorgan now expects the Fed to start cutting rates in July
After strong job data was released in the United States in March, JP Morgan economists delayed their expectations for the Fed's first interest rate cut in this cycle. They now expect the Fed to begin easing monetary policy in July instead of June. JP Morgan's chief US economist, Michael Feroli, wrote in a report on Friday that the slowdown in wage growth and steady job growth prove that the supply side of the labor market has improved.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Vitalik Buterin Boosts Tornado Cash Defense Fund with $240K Donation
Polymarket Betting Volumes Surge Beyond $2 Billion as U.S. Presidential Election Fuels Speculation
Ripple’s XRP Ledger Could See $50 Trillion in Volume, Predicts Archax CEO
UAE exempts crypto transfers, conversion from value-added tax