The bank expects a quarter-point cut when the Fed next meets, followed by three more cuts of the same size at later meetings.

Treasury Secretary Scott Bessent said financial markets are pricing in a high likelihood of the Federal Reserve cutting interest rates before year-end amid tariff concerns.

Key Takeaways A weak July jobs report has more Federal Reserve officials saying the time might be right for interest rate cuts. Minneapolis Fed President Neel Kashkari said data suggest the economy is slowing and that the Fed may need to act in the “near term,

Investors will be leaning in, seeking signs that the Fed is gearing up to cut rates at the September meeting of the Federal Open Market Committee (FOMC). However, although odds of a cut were seen higher after Thursday's disappointing jobless claims,

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.