J.P. Morgan Expects Fed to Raise Rates in December
J.P. Morgan maintains its December hike forecast and says risks skew toward Treasury yields reversing higher, led by the front end. Its strategists say they are unwilling to turn bearish.
J.P. Morgan continues to expect a 25-basis-point interest-rate hike by the Federal Reserve in December, with risks skewing toward Treasury yields reversing higher, led by the front end. "Though we are unwilling to turn bearish," its rates strategists say in a note. However, if equities find firmer…