J.P. Morgan: Federal Reserve Unlikely to Cut Interest Rates in the Near Term

BlockBeats News, July 1st, Morgan Stanley analysts stated in a research report that the likelihood of the Fed cutting interest rates at the next two meetings remains low. The market's odds of a rate cut in July have increased from 8% to 20%, and the odds of a cut in September have risen from 60% to 90%.

However, analysts noted that most Fed officials support Powell's cautious stance and are unlikely to quickly back a rate cut. Analysts expect that the upcoming jobs report will be relatively robust, showing a slowdown in growth but no signs of a fracture that would prompt the Fed to act more quickly.