Reported about 4 hours ago
JPMorgan Chase has revised its forecast for a half-point interest-rate cut by the European Central Bank (ECB) to December, driven by the area's declining economic activity and unexpectedly shrinking business activity. The bank's economist, Greg Fuzesi, notes that various economic indicators support this recommendation, despite some ECB members' hesitations. The change has led to increased expectations among traders for a rate cut next month.
Source: YAHOO