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JPMorgan revised their Fed rate outlook post....>

FED
FED: JPMorgan revised their Fed rate outlook post FOMC (wasn't in our FOMC
review published earlier) - had forecast 25bps of cuts in each of Sep and Dec;
now pulling forward those cuts to July and Sep.
- "While the risk of more than 50bp of cuts is still not our baseline outlook,
any further evidence of deterioration in labor market activity should motivate
well more than 50bp of total cuts this cycle. "

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