Major Banks Forecast Multiple Fed Rate Cuts Amid Policy and Political Developments

TL;DR Summary
JPMorgan's chief U.S. economist now predicts the Federal Reserve will cut interest rates four times in 2025, starting with a 25-basis-point cut in September, influenced by President Trump's nomination of Stephen Miran to the Fed board, which may impact the Fed's policy decisions amid ongoing economic assessments.
- JPMorgan says it now sees four Fed rate cuts on the horizon as Trump nominates Miran to Fed MarketWatch
- Bank of America sees stagflation, not recession—and no rate cut this year. It’s because of 2 specific Trump policies Fortune
- J.P.Morgan brings forward Fed rate cut forecast to September Reuters
- Scaramucci: 50-basis-point cut from Fed possible next month The Hill
- JPMorgan predicts Fed will cut rates in September — and four total times this year New York Post
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