JPMorgan, Citigroup forecast a 50bps. rate cut in September

Yahoo Finance Video
7,011 次觀看・3 個月前

Following the weaker-than-expected July jobs report, both JPMorgan and Citigroup are now forecasting the Federal Reserve will cut rates by 50 basis points at its September meeting. Jason Draho, UBS Global Wealth Management Head of Asset Allocation, agrees, telling Yahoo Finance he expects 100 basis points worth of cuts, starting with 50 basis points in September. 

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This post was written by John Lesinski