JPMorgan Revises U.S. Federal Reserve Rate Cut Forecast

JPMorgan has adjusted its forecast regarding the U.S. Federal Reserve's policy for this year, now predicting no rate cuts. According to NS3.AI, the bank previously anticipated one rate cut but has revised its outlook, suggesting that the rate-cutting cycle concluded with the decision made last December. JPMorgan expects inflation to remain above the Federal Reserve's target for the foreseeable future.