JPMorgan Flips Forecast, Sees Fed Cutting Rates in December

Economists at JPMorgan Chase & Co. see the Federal Reserve cutting interest rates next month, a reversal of the bank’s briefly held view that policymakers would delay reducing borrowing costs until January.

A team led by Chief US Economist Michael Feroli said Wednesday that commentary supporting a near-term cut from key Fed officials — notably the president of the Federal Reserve Bank of New York, John Williams — has pushed them to reconsider.