J.P.Morgan and BofA Global Research have joined a growing rank of major brokerages that expect the U.S. Federal Reserve to reduce interest rates by 25 basis points in November.
BofA and J.P.Morgan have reduced their estimate to 25 bps from 50 bps after the blowout U.S. nonfarm payrolls data on Friday pointed to a resilient economy.
Goldman Sachs, Barclays, Macquarie and Deutsche Bank reiterated their forecasts of a 25 bps cut each in November and December.
Here are the forecasts from major brokerages after the jobs report:
* UBS Global Research and UBS Global Wealth Management are distinct, independent divisions in UBS Group
Here are the forecasts from major brokerages ahead of the jobs data:
* UBS Global Research and UBS Global Wealth Management are distinct, independent divisions in UBS Group
