According to J.P. Morgan Chase Private Bank, as the US job market stabilizes or improves, the Fed may cut interest rates less vigorously than expected by the market. Global investment strategist Weiheng Chen wrote in a report that the FOMC is expected to cut interest rates by another 25 basis points in 2026, which is significantly less than the 50 basis points currently expected by the market. Whether interest rate cuts will eventually be realized may depend on labor market conditions. The agency believes that the US labor market will stabilize or even improve.

According to J.P. Morgan Chase Private Bank, as the US job market stabilizes or improves, the Fed may cut interest rates less vigorously than expected by the market. Global investment strategist Weiheng Chen wrote in a report that the FOMC is expected to cut interest rates by another 25 basis points in 2026, which is significantly less than the 50 basis points currently expected by the market. Whether interest rate cuts will eventually be realized may depend on labor market conditions. The agency believes that the US labor market will stabilize or even improve.