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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