For a moment I thought: Cool, AI really helped me, cause Google is shit:
>Me:>Are there predictions by J.P. Morgan in regards to ratecuts by the Fed>Copilot>Yes, J.P. Morgan has made predictions regarding potential rate cuts by the Federal Reserve. They anticipate that the Fed might implement up to four rate cuts in 20241. This projection is based on the expectation that inflation will gradually decrease, allowing the Fed to ease its monetary policy1.Link to "1".
>https://am.jpmorgan.com/us/en/asset-management/adv/insights/market-insights/market-updates/on-the-minds-of-investors/is-the-fed-confident-it-can-cut-rates-this-year/See based black man, think, ha, he was likely wrong. Read article:
>While this shift may be perceived as hawkish, the median estimate for rate cuts next year increased to four from three cuts previously. >Our base case view hasn’t changed, we continue to expect the Fed to reduce rates 1-2 times this year though the committee seems to be prepared to do less rather than more. J.P. Morgan predicted 2 ratecuts in the link given by AI. So AI was telling me shit.
