Wall Street Giants Scale Back Fed Rate Cut Forecast Amid ‘Remarkably Strong’ Job Market

Two Wall Street giants, JPMorgan Chase and Bank of America, have scaled back their forecasts for a Federal Reserve interest rate cut in November, citing a robust labor market that suggests the U.S. economy remains resilient. In a shift from previous predictions, economists at both banks now anticipate the Fed will reduce interest rates by […] source: https://www.cryptoglobe.com/latest/2024/10/wall-street-giants-scale-back-fed-rate-cut-forecast-amid-remarkably-strong-job-market/