JPMorgan expects #Fed to cut rates by 50bp next week

I previously reported that Citi had downgraded its call for a 50bp rate cut next week to 25bp. Analysts there are expecting 50bp in November and December

JP Morgan is sticking with its 50bp rate cut forecast next week:

The #Enflasyon report could push some #FOMC members to cut rates by 25bp. We still see a compelling case for a 50bp move.

JPM quote:

focus shifts to labor market weakness, JPM Asset Management expects 25 basis point rate cut next week:

"Inflation is now at room temperature, there really is no significant inflation problem"CPI result "does not warrant any drastic action by the Fed and I would be happy to see 25 basis points next week"