JPMorgan sees next rate cut in June after strong jobs report

JPMorgan Chief U.S. Economist Michael Feroli says employment growth ended the year on a high note and was considerably stronger than expected last month, rising 256,000. After “only reluctantly” cutting interest rates last month, it would take a very bad set of jobs reports to get the Federal Reserve easing again by March, the economist tells investors in a research note. As such, JPMorgan now sees the next rate cut in June followed by a final one in September.