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J.P. Morgan pushes back on Fed's 2026 forecast for interest-rate cut

A top Wall Street economist is breaking with the Federal Reserve and warning that interest-rate cuts may be off the table completely through 2026 as inflation and the Iran War reshape the outlook. Michael Feroli, the chief U.S. economist for J.P. Morgan, disagrees with the Federal Reserve's new forecast on interest-rate cuts this year. [...]