JPMorgan expects Fed to raise rates four times in 2018

FILE PHOTO - A police officer keeps watch in front of the U.S. Federal Reserve in Washington
FILE PHOTO - A police officer keeps watch in front of the U.S. Federal Reserve building in Washington, DC, U.S. on October 12, 2016. REUTERS/Kevin Lamarque/File Photo

November 3, 2017

NEW YORK (Reuters) – JPMorgan Chase & Co on Friday raised its forecast on the number of U.S. interest rate increases by the Federal Reserve next year to four from three as the October payrolls data reinforced the view of a tightening domestic labor market.

“In this environment we believe the Fed will see even more need for a steady, regular removal of accommodation,” JPMorgan economist Michael Feroli wrote in a research note.

(Reporting by Richard Leong; Editing by Susan Thomas)