JP Morgan now expects an earlier Fed rate cut next year, eyes on June

<p>The Fed was surprisingly more dovish yesterday and that definitely caught plenty by surprise – myself included – and now we can start to see more calls for quicker rate cuts it would seem. As a whole for next year, JP Morgan is eyeing 125 bps worth of rate cuts. That is consistent with some of the calls that previously already pinned the Fed for a move in Q2. Eamonn also had this headline and more earlier <a href="https://www.forexlive.com/centralbank/175bp-of-rate-cuts-forecast-from-the-federal-open-market-committee-fomc-in-2024-20231214/" target="_blank" rel="follow">here</a>.</p>

This article was written by Justin Low at www.forexlive.com.