JPMorgan sees 25 point cut at next week’s Fed meeting

JPMorgan Chief U.S. Economist Michael Feroli expects the Federal Reserve to cut the funds rate target by 25 basis points next week to a range of 4.0%-4.25%. JPMorgan expects two or three member dissents for a larger cut and no dissents in favor of leaving rates unchanged. The dot plot median will continue to show one further cut beyond this year, the economist predicts.