Nick Timiraos, the "Federal Reserve mouthpiece": Observers expect one or two rate cuts in September or December this year

Nick Timiraos, the "Federal Reserve mouthpiece," said that after the release of the employment report last Friday, JPMorgan Chase and Citigroup gave up their call for a rate cut in July. Most sell-side economists and other professional Fed watchers now expect the Fed to cut interest rates once or twice in September or December this year. (Securities Star)