[JPMorgan Expects Fed to Cut Rates in December, Overturning Its Prediction from a Week Ago] According to a report by Jinse Finance, JPMorgan economists have changed their forecast, now believing that the Federal Reserve will initiate a rate cut in December. This reverses the bank's judgment from a week ago, which suggested policymakers would delay rate cuts until January next year. The research team, led by the bank's Chief U.S. Economist Michael Feroli, stated on Wednesday that comments from several key Fed officials (particularly New York Fed President John Williams) supporting a near-term rate cut prompted them to reassess the situation. Following the release of the delayed September jobs report last week, JPMorgan had initially 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 final rate cut timing to January next year,' Feroli wrote in a client report. 'Although the outcome of the next FOMC meeting remains uncertain, we believe the latest round of statements from Fed officials has tilted the balance toward a December rate cut.'