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The Economic Times
The Economic Times
Anupam Nagar

US Stock Market: JP Morgan brings forward Fed rate hike call to December after July policy meeting

JP Morgan US Federal Reserve Inflation Kevin Warsh Interest Rates

JP Morgan has advanced its forecast for the next US Federal Reserve interest rate hike to December 2026, following the central bank's decision to leave borrowing costs unchanged at its July policy meeting, according to a Reuters report.

The brokerage had previously expected the Fed to raise rates in the second half of 2027. It now anticipates a 25-basis-point increase in December, after which the benchmark federal funds rate is expected to stand in the 3.75%-4.00% range.

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