JPMorgan now expects the Fed to start cutting rates in July
After strong job data was released in the United States in March, JP Morgan economists delayed their expectations for the Fed's first interest rate cut in this cycle. They now expect the Fed to begin easing monetary policy in July instead of June. JP Morgan's chief US economist, Michael Feroli, wrote in a report on Friday that the slowdown in wage growth and steady job growth prove that the supply side of the labor market has improved.
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