JPMorgan sees possible Federal Reserve rate cut in May

JPMorgan’s Chief U.S. Economist Michael Feroli says both the Federal Reserve’s statement yesterday and the Chair Jerome Powell’s comments opened the door for easing after the next meeting in mid-March. The firm is sticking with its call for a first cut in June. But after Powell’s remarks, it is not hard to see a configuration of employment and inflation data that gets the Committee cutting by May, the economist tells investors in a research note.