J.P. Morgan has brought forward its forecast for the next US Federal Reserve rate hike to December 2026 after the Fed held interest rates steady in July. The brokerage cited persistent inflation risks, while market expectations and analyst views remain divided over the policy outlook.

JPMorgan predicts the Fed will hold rates steady at the next meeting. Pause in the next three decisions at 30.5% YES.

Fed officials dissent signals a shift toward a rate hike. Rate increase by 25 bps after October 2026 meeting at 25.5% YES.