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[JPMorgan Chase Lowers Its Forecast For The Number Of Fed Rate Cuts This Year From Three To Two] In Light Of The Strong U.S. December Employment Data Released Last Friday, JPMorgan Chase Economists Adjusted Their Forecasts For The Fed's Monetary Policy, Predicting Two More Rate Cuts In June And September, Each By 25 Basis Points. Previously, They Expected Three Rate Cuts. "The Employment Report Was Very Bad, And The Fed Will Not Ease Policy Again Until March, So We Currently Expect The Next Rate Cut To Be In June, And The Last In September," Said Michael Feroli, Chief U.S. Economist At JPMorgan Chase, In A Report On January 10. Several Other Major Wall Street Banks Also Lowered Their Expectations For The Extent Of The Fed's Rate Cuts Due To The Non-farm Payrolls Data
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