JPMorgan reportedly expects the U.S. Federal Reserve to lower interest rates by 25 basis points in September, compared with its earlier forecast of a rate cut in December. According to a Reuters report,

J.P.Morgan now expects the U.S. Federal Reserve to cut interest rates by 25 basis points at its September meeting, citing signs of weakness in the labor market and uncertainty around President Donald Trump's latest Fed nomination.

Neither president Kashkari nor president Daly—nor governor Cook—dissented at the July meeting. With governor Christopher Waller and FOMC member Michelle Bowman already lobbying for a cut, the ranks of the dovish are growing by the day.

J.P.Morgan now expects the U.S. Federal Reserve to cut interest rates by 25 basis points at each of its next four meetings, bringing the policy rate to 3.5%, it said in a note on Thursday, as the labor market and broader economy show signs of slowing.

Investors and analysts also see the surprisingly weak jobs report as an indication the odds of an interest rate cut at the Federal Open Market Committee’s September meeting have shot up. With job