[JPMorgan Overturns 'No Rate Cut' Prediction from a Week Ago, Expects Fed to Cut Rates in December] BlockBeats News, November 27: JPMorgan economists have revised their forecast, now predicting that the Federal Reserve will initiate a rate cut in December. This reverses the bank's judgment from a week ago that policymakers would delay rate cuts until January next year. The research team, led by the bank's U.S. Chief Economist Michael Feroli, stated on Wednesday that comments from several key Federal Reserve officials (particularly New York Fed President John Williams) supporting a near-term rate cut prompted them to reassess the situation. JPMorgan now expects the Federal Reserve to implement two 25-basis-point rate cuts, one in December and another in January next year. (Jin10)