JPMorgan Chief U.S. Economist Michael Feroli expects the Federal Open Market Committee to lower the target range for the fed funds rate next week by 25 basis points, adding that the firm predicts one dissent for a larger cut and no dissents to stay on hold and expects little change in the post-meeting statement compared to September. The firm also expects that the Fed will also decide next week to end balance sheet reduction, or quantitative tightening, the economist noted.
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