"In this environment we believe the Fed will see even more need for a steady, regular removal of accommodation," JPMorgan economist Michael Feroli wrote in a research note.
(Reporting by Richard Leong; Editing by Susan Thomas)
Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
190.5 USD | -0.60% | -1.54% | +12.00% |
05-02 | Sector Update: Financial Stocks Rise Late Afternoon | MT |
05-02 | Sector Update: Financial Stocks Higher Thursday Afternoon | MT |
NEW YORK (Reuters) - JPMorgan Chase & Co on Friday raised its forecast on the number of U.S. interest rate increases by the Federal Reserve next year to four from three as the October payrolls data reinforced the view of a tightening domestic labour market.
"In this environment we believe the Fed will see even more need for a steady, regular removal of accommodation," JPMorgan economist Michael Feroli wrote in a research note.
(Reporting by Richard Leong; Editing by Susan Thomas)
1st Jan change | Capi. | |
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+12.00% | 547B | |
+10.60% | 291B | |
+12.04% | 250B | |
+21.78% | 210B | |
+17.11% | 171B | |
+11.40% | 169B | |
+11.01% | 164B | |
+3.27% | 143B | |
-11.10% | 139B | |
+3.07% | 127B |