More large cuts ahead if labor market continues to soften, says JPMorgan

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

More large cuts ahead if labor market continues to soften, says JPMorgan

Investing.com -- After the half-point rate cut announced Wednesday, the Federal Reserve could deliver more large cuts ahead should if the labor market continues to soften, JPMorgan strategists said.

The firm anticipates a 50 basis point cut at the next meeting in early November, contingent on additional softening in the upcoming jobs reports. During the press conference, Powell maintained an optimistic tone when discussing the economy and labor market, which JPMorgan strategists interpret as hawkish for future policy. They believe there are “good reasons for him to sound upbeat.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uncertainty over softer labor market argues for faster Fed cuts, says JPMorganUncertainty over softer labor market argues for faster Fed cuts, says JPMorgan
Source: Investingcom - 🏆 450. / 53 Read more »

With everyone focusing on Nvidia, JPMorgan likes this other chip stock reporting earnings this weekJPMorgan reiterated its overweight rating on Marvell Technology ahead of the company's earnings announcement Thursday after the bell.
Source: CNBC - 🏆 12. / 72 Read more »

Ulta Beauty earnings preview: How JPMorgan expects the stock to react after the reportUlta Beauty earnings preview: How JPMorgan expects the stock to react after the report
Source: Investingcom - 🏆 450. / 53 Read more »