JPMorgan: There are risks to the expectation of the Fed's first rate cut in September

ChainCatcher news, according to Jinshi reports, economists at JPMorgan stated that Wednesday's consumer inflation report and the Federal Reserve meeting increased the likelihood that the first rate cut will be in September, although their baseline forecast remains a rate cut in November.

"Overall, while the median in this year's dot plot was slightly surprising, our view on the Federal Reserve has not changed much this afternoon," wrote JPMorgan's Chief U.S. Economist Michael Feroli in the report. "We continue to believe that the first rate cut will be in November, but after this morning, the risks may lean more towards September rather than December."