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.”

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Uncertainty over softer labor market argues for faster Fed cuts, says JPMorganUncertainty over softer labor market argues for faster Fed cuts, says JPMorgan
Källa: Investingcom - 🏆 450. / 53 Läs mer »

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.
Källa: CNBC - 🏆 12. / 72 Läs mer »

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
Källa: Investingcom - 🏆 450. / 53 Läs mer »