JP Morgan Abandons 2026 Fed Rate Cut Forecast, Projects 2027 Hike Instead

TLDR: JP Morgan withdrew its January 2026 rate cut forecast, now predicting a rate hike in Q3 2027 instead. Goldman Sachs lowered US recession probability to 20% from 30% as labor market shows stability signs. Traders see 95% chance Fed keeps rates unchanged in January, up from 86% before employment data release. Political tensions rise [...]

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