JP Morgan changes its forecast for a Fed rate cut from November to September (July 12)
The U.S. core consumer price index (CPI) rose at an annual rate of 3.3% in June, not seasonally adjusted, below expectations of 3.40% and down from 3.40% in the previous month. The seasonally adjusted monthly CPI growth rate in June was -0.1%, compared with expectations of 0.10% and the previous value of 0.00%. Initial jobless claims came in at 222,000 for the week ended July 6, compared with expectations for 236,000 and the previous reading of 238,000.
JPMorgan changes Fed rate cut forecast to September from November
