Post-NFP FOMC rate hike forecast: JP Morgan expects +75bps in September

Gather some analyst projections following Friday’s big, big NFP data:

The next statement from the US Federal Reserve’s Federal Open Market Committee (FOMC) is scheduled for September 21 (old photo below):

JP Morgan is at +75bp for this meeting, according to the NFP

  • the numbers should ease recession fears but amplify fears that the Fed still has a lot of work to do
  • we now think a 75 basis point hike in September looks likely.
  • The inflation worries driving the Fed will only be exacerbated by this jobs report


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