March 14, 2019 / 3:09 PM / 6 months ago

J.P. Morgan sees no further U.S. rate hikes in 2019

FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/Files/File Photo

NEW YORK (Reuters) - JPMorgan Chase & Co on Thursday said it no longer expects the U.S. Federal Reserve to hike interest rates this year.

In a note, the bank’s economic research team said it had revised down earlier forecasts of as many as two hikes this year.

Reporting by Trevor Hunnicutt

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