JP Morgan Sees One More Rate Hike Before Cycle Pause
J.P. Morgan's chief U.S. economist Michael Feroli expects one more Federal Reserve rate hike in December, but not a prolonged tightening cycle.
This forecast is based on supply shocks driving inflation, according to Feroli.
The Fed raised its target range to 3.75% to 4% on September 16, with a 12-0 vote marking the first hike since 2023.