J.P.Morgan now expects the U.S. Federal Reserve to cut interest rates by 25 basis points at its September meeting, citing signs of weakness in the labor market and uncertainty around President Donald Trump's latest Fed nomination.

JPMorgan Chase & Co.’s top U.S. economist now expects the Federal Reserve will cut interest rates three times in 2025, beginning with a 25-basis-point cut in September.

A highly anticipated interest rate cut finally looks imminent for the weeks ahead. After the Federal Reserve issued three rate reductions in the final months of 2024, both savers and borrowers anticipated additional,