JP Morgan raise the question of no cut at the Federal Reserve November 7 FOMC meeting

Analsysts at JP Morgan are still forecasting a 25bp Fed Funds rate cut at the November 7 Federal Open Market Committee (FOMC) meeting.

But, they point to stronger data since the September meeting as a reason why debate at that meeting will raise the question of whether or not be leave the rate unchanged, on hold.

—

ICYMI:

• Fight Club – Fed officials were split at their meeting in September on 50 vs. 25

• FOMC Minutes: A substantial majority of participants supported a 50 basis point cut

This article was written by Eamonn Sheridan at www.forexlive.com. Source