JPMorgan Economist Predicts Federal Reserve Rate Cut

According to BlockBeats, JPMorgan's Michael Feroli anticipates that the Federal Reserve will reduce interest rates by 25 basis points to a range of 4.0% to 4.25% next week. He expects two or three dissenters to advocate for further rate cuts, while no members are likely to support maintaining the current rates. The dot plot is expected to indicate additional rate cuts beyond 2025.