JPMorgan is predicting a possible 50 basis points rate cut in November after the recent move by the Federal Reserve. This forecast comes after the Fed made a decision to cut interest rates by 25 basis points. The economic research team at JPMorgan believes that there is a high chance of another rate cut in the near future, possibly as soon as November. This news comes at a time when investors are closely monitoring the actions of central banks around the world. The Federal Reserve’s decision to lower interest rates has sparked speculation about the future direction of monetary policy. JPMorgan’s forecast of a potential 50 basis points rate cut in November suggests that the economic outlook may not be as rosy as some had hoped. Investors will be watching closely to see how this prediction plays out in the coming months.
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