(Reuters) -J.P. Morgan mirrored Morgan Stanley in withdrawing its forecast for a 25-basis-point Federal Reserve rate cut in December following a stronger-than-expected US jobs report. In a note released late Thursday, the Wall Street brokerage said it still expects the next rate cuts to occur in January and April. (Reporting by Akriti Shah in Bengaluru; […]
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JP Morgan drops December rate-cut forecast on strong US jobs report
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(Reuters) -J.P. Morgan mirrored Morgan Stanley in withdrawing its forecast for a 25-basis-point Federal Reserve rate cut in December following a stronger-than-expected US jobs report.
In a note released late Thursday, the Wall Street brokerage said it still expects the next rate cuts to occur in January and April.
(Reporting by Akriti Shah in Bengaluru; Editing by Sherry Jacob-Phillips)