ChainCatcher news, according to Jinshi, JPMorgan economists said that Wednesday's consumer inflation report and the Fed meeting increased the possibility that the first rate cut would be in September, but their baseline forecast is still a rate cut in November.
"Overall, although the median of this year's dot plot was slightly unexpected, our view of the Fed this afternoon is not much different," Michael Feroli, chief U.S. economist at JPMorgan, wrote in a report, "We continue to believe that the first rate cut will be in November, and after this morning, the risk may be more inclined to September rather than December."
