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CryptoGlobe 2024-10-05 04:53:00

Wall Street Giants Scale Back Fed Rate Cut Forecast Amid ‘Remarkably Strong’ Job Market

Two Wall Street giants, JPMorgan Chase and Bank of America, have scaled back their forecasts for a Federal Reserve interest rate cut in November, citing a robust labor market that suggests the U.S. economy remains resilient. In a shift from previous predictions, economists at both banks now anticipate the Fed will reduce interest rates by

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