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J.P. Morgan predicts US rate hikes by 2026
JPMorgan Bank expects the U.S. Federal Reserve to raise interest rates by 25 basis points in December, altering its previous forecast of a rate hike in the second half of 2027. This comes after the central bank held rates steady in its July meeting, despite inflation remaining above the 2% target for more than five years. The statements focused on the ongoing pressure from inflation, with limited signals regarding potential monetary policy steps, amid the possibility that high inflation could persist due to rising fuel and food prices and increased market spending. Financial institutions anticipate interest rates remaining between 3.75% and 4% after the December decision, with some projecting a possible hike in September if inflation continues to rise. Conversely, some banks expect rates to stay unchanged until the end of the year, with the possibility of a cut at the end of 2023 or early 2024.
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