[JPMorgan Expects Fed to Cut Rates in December, Reversing Its Prediction from a Week Ago] According to Jintou News, JPMorgan economists have changed their forecast, now predicting that the Federal Reserve will initiate a rate cut in December. This reverses the bank's judgment from a week ago that policymakers would delay rate cuts until January next year. The research team, led by the bank's U.S. Chief Economist Michael Feroli, stated on Wednesday that recent comments from several key Fed officials (particularly New York Fed President John Williams) supporting near-term rate cuts prompted them to reassess the situation. Following the delayed release of the September jobs report last week, JPMorgan had originally predicted that rates would remain unchanged in December. Currently, JPMorgan expects the Fed to implement two 25-basis-point rate cuts in December and January next year. 'We are once again locking in the timing of the final rate cut to January next year,' Feroli wrote in a client report. 'While the outcome of the next FOMC meeting remains uncertain, we believe the latest round of statements from Fed officials has tipped the balance toward a December rate cut.'