JPMorgan Chase, Bank of America Forecast New Rate Cut in November As Fed President Says Soft Landing Likely: Report

Two of the largest banks in the US believe another rate cut from the Federal Reserve is incoming. The Fed started its rate-cutting cycle last month, announcing a 50 bps reduction in interest rates amid concerns about the health of the US economy. Now, analysts at JPMorgan Chase and Bank of America (BofA) think the […] source: https://dailyhodl.com/2024/10/12/jpmorgan-chase-bank-of-america-forecast-new-rate-cut-in-november-as-fed-president-says-soft-landing-likely-report/