According to TechFlow, according to Jinshi, economists at JPMorgan Chase said that Wednesday's consumer inflation report and the Federal Reserve meeting increased the possibility that the first rate cut would be in September, but their baseline forecast was still a rate cut in November.
"Overall, while the median dot plot this year was a slight surprise, our view on the Fed this afternoon is not materially different and we continue to see a first rate cut in November, with risks likely tilted more toward September than December after this morning," Michael Feroli, chief U.S. economist at JPMorgan Chase & Co., wrote in a note.
