JP Morgan forecast the first FOMC rate cut in June, but are wavering on perhaps May

JP Morgan on the Federal Open Market Committee (FOMC) statement and Powell’s presser on Wedensday, analysts at the bank are still confident June will be the first rate cut:

  • We are sticking with our call for a first cut in June

But there’s a but!

  • But after Powell’s remarks it’s not hard to see a configuration of employment and inflation data that gets the Committee cutting by May

The dates to watch:

This article was written by Eamonn Sheridan at Source