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News  ›  Benzinga

JP Morgan, Goldman Sachs Predict Fed Will Cut Rates In December

Benzinga Logo Benzinga • •By Rishabh Mishra
JP Morgan, Goldman Sachs Predict Fed Will Cut Rates In December

JP Morgan and Goldman Sachs now forecast a quarter-point interest rate cut by the Federal Reserve in December, citing recent comments from central bank officials and signals of a cooling labor market.

Insights
GPIX   positive

Agrees with rate cut prediction, suggesting confidence in economic outlook