JPMorgan now sees the Fed hiking in September and December
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The market is already priced at 86% so they're late to the party on this one. Might as well also put out a forecast for Spain to win the 2026 FIFA World Cup. In any case, all that's at stake now is Warsh's credibility. If he doesn't hike, then it's going to be a long, ugly term f
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4 itemsJP Morgan now expects Fed to deliver next rate hike in December this year
JPMorgan revises Fed forecast and now sees hikes in September and December - Newsquawk
Webinar: What if… The Fed cuts rates by next summer?
The desk is framing a scenario where the Federal Reserve may not follow through with an anticipated rate hike due this September, and could even undertake rate cuts by mid-2024. Per the full note [source], the expectation of a rate hike conflicts with potential economic indicators such as inflation trends that could shift market consensus. This contrasts with the view from firms like **jpmorgan** which anchors their predictions around a mildly bullish USD outlook through to early 2027, suggesting a levels target around 1.075 for EUR/USD.
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