JPMorgan Chase reverses a prediction made a week ago of "no rate cut" and now expects a rate cut by the Federal Reserve in December.

BlockBeats News, November 27th: JPMorgan Chase economists revised their forecast, believing that the Fed will cut interest rates in December, reversing the bank's judgment a week ago that policymakers would postpone the rate cut until January next year.

On Wednesday, the research team led by the bank's Chief U.S. Economist Michael Feroli said that several heavyweight Fed officials (especially New York Fed President Williams) expressed support for a recent rate cut, prompting them to reassess the situation. Currently, JPMorgan Chase expects the Fed to cut interest rates by 25 basis points twice in December and January, respectively. (FX678)