{"id":50587,"date":"2025-09-09T15:00:23","date_gmt":"2025-09-09T12:00:23","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=50587"},"modified":"2025-09-09T13:56:28","modified_gmt":"2025-09-09T10:56:28","slug":"jpmorgan-outlines-expectations-for-the-feds-september-meeting","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/jpmorgan-outlines-expectations-for-the-feds-september-meeting\/","title":{"rendered":"JPMorgan Outlines Expectations for the Fed\u2019s September Meeting"},"content":{"rendered":"<p data-start=\"286\" data-end=\"573\">As the <strong>Federal Reserve (<a href=\"https:\/\/coinengineer.net\/blog\/the-fed-will-host-a-conference-on-stablecoins-defi-and-artificial-intelligence-in-october\/\">Fed<\/a>)<\/strong> heads into its September 17 policy meeting, market participants are closely watching for signals on the next move. <strong>JPMorgan<\/strong> strategist Fabio Bassi has shared his outlook, highlighting the most probable scenario for the central bank\u2019s upcoming decision.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/jpmorgan-outlines-expectations-for-the-feds-september-meeting\/#A_25_Basis_Point_Cut_Seen_as_the_Base_Case\" title=\"A 25 Basis Point Cut Seen as the Base Case\">A 25 Basis Point Cut Seen as the Base Case<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/jpmorgan-outlines-expectations-for-the-feds-september-meeting\/#Recession_Odds_and_Market_Sentiment\" title=\"Recession Odds and Market Sentiment\">Recession Odds and Market Sentiment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/jpmorgan-outlines-expectations-for-the-feds-september-meeting\/#Markets_Price_in_a_High_Probability_of_a_Cut\" title=\"Markets Price in a High Probability of a Cut\">Markets Price in a High Probability of a Cut<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/jpmorgan-outlines-expectations-for-the-feds-september-meeting\/#Other_Institutions_Weigh_In\" title=\"Other Institutions Weigh In\">Other Institutions Weigh In<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"575\" data-end=\"622\"><span class=\"ez-toc-section\" id=\"A_25_Basis_Point_Cut_Seen_as_the_Base_Case\"><\/span>A 25 Basis Point Cut Seen as the Base Case<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"624\" data-end=\"865\">According to Bassi, the most likely outcome is a 25 basis point <strong>rate cut<\/strong>. Despite weaker labor market figures, he noted that inflation remains stubbornly high, which makes a more aggressive 50 basis point reduction far less likely.<\/p>\n<h2 data-start=\"867\" data-end=\"907\"><span class=\"ez-toc-section\" id=\"Recession_Odds_and_Market_Sentiment\"><\/span>Recession Odds and Market Sentiment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"909\" data-end=\"1247\">Bassi currently estimates the probability of a U.S. recession at around 40%. Still, financial markets expect only a modest easing cycle due to concerns over growth risks. He also touched on political dynamics, referencing the removal of Fed Governor Lisa Cook, but emphasized that the central bank\u2019s independence remains intact.<\/p>\n<p data-start=\"1249\" data-end=\"1462\">If the current signs of weakness prove to be temporary, Bassi expects the Fed to pursue a shallow rate-cutting path, which could result in limited pullbacks in risk assets and a stronger U.S. dollar.<\/p>\n<h2 data-start=\"1464\" data-end=\"1513\"><span class=\"ez-toc-section\" id=\"Markets_Price_in_a_High_Probability_of_a_Cut\"><\/span>Markets Price in a High Probability of a Cut<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1515\" data-end=\"1841\">Investor expectations strongly align with Bassi\u2019s view. Futures markets now assign an 88% probability to a 25 basis point cut at the September meeting. This conviction has been reinforced by the release of disappointing labor market data: just 22,000 jobs added in August and an unemployment rate rising to 4.3%.<\/p>\n<h2 data-start=\"1843\" data-end=\"1875\"><span class=\"ez-toc-section\" id=\"Other_Institutions_Weigh_In\"><\/span>Other Institutions Weigh In<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul data-start=\"1877\" data-end=\"2293\">\n<li data-start=\"1877\" data-end=\"2016\">\n<p data-start=\"1879\" data-end=\"2016\">Citi Chief Economist Andrew Hollenhorst argued that weak data supports rate cuts but does not justify a larger 50 basis point move.<\/p>\n<\/li>\n<li data-start=\"2017\" data-end=\"2146\">\n<p data-start=\"2019\" data-end=\"2146\">Nomura\u2019s David Seif suggested the Fed could pursue so-called \u201cinsurance cuts\u201d to guard against labor market weakness.<\/p>\n<\/li>\n<li data-start=\"2147\" data-end=\"2293\">\n<p data-start=\"2149\" data-end=\"2293\">Apollo\u2019s Chief Economist Torsten Slok projected that despite inflation remaining above target, the easing cycle is likely to continue.<\/p>\n<\/li>\n<\/ul>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\">Telegram,\u00a0<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\">YouTube<\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\">Twitter<\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the Federal Reserve (Fed) heads into its September 17 policy meeting, market participants are closely watching for signals on the next move. JPMorgan strategist Fabio Bassi has shared his outlook, highlighting the most probable scenario for the central bank\u2019s upcoming decision. A 25 Basis Point Cut Seen as the Base Case According to Bassi,<\/p>\n","protected":false},"author":29,"featured_media":38495,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[5365,23571,12290,2087,23356,2297,8132],"class_list":["post-50587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-citi","tag-fabio-bassi","tag-federal-reserve-fed","tag-jpmorgan","tag-lisa-cook","tag-powell","tag-rate-cut"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>JPMorgan Outlines Expectations for the Fed\u2019s September Meeting - Coin Engineer<\/title>\n<meta name=\"description\" content=\"As the FED approaches its meeting on September 17, JPMorgan strategist Fabio Bassi shared the prominent scenario for this meeting.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/jpmorgan-outlines-expectations-for-the-feds-september-meeting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JPMorgan Outlines Expectations for the Fed\u2019s September Meeting - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"As the FED approaches its meeting on September 17, JPMorgan strategist Fabio Bassi shared the prominent scenario for this meeting.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/jpmorgan-outlines-expectations-for-the-feds-september-meeting\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-09T12:00:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-09T10:56:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/03\/jpmorgan_ce-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Emre Yumlu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emre Yumlu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/jpmorgan-outlines-expectations-for-the-feds-september-meeting\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/jpmorgan-outlines-expectations-for-the-feds-september-meeting\/\",\"name\":\"JPMorgan Outlines Expectations for the Fed\u2019s September Meeting - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/jpmorgan-outlines-expectations-for-the-feds-september-meeting\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/jpmorgan-outlines-expectations-for-the-feds-september-meeting\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/03\/jpmorgan_ce-1.jpg\",\"datePublished\":\"2025-09-09T12:00:23+00:00\",\"dateModified\":\"2025-09-09T10:56:28+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/f99e7d0d5039cb3b36bd759a12c1216c\"},\"description\":\"As the FED approaches its meeting on September 17, JPMorgan strategist Fabio Bassi shared the prominent scenario for this meeting.\",\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/jpmorgan-outlines-expectations-for-the-feds-september-meeting\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/jpmorgan-outlines-expectations-for-the-feds-september-meeting\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/jpmorgan-outlines-expectations-for-the-feds-september-meeting\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/03\/jpmorgan_ce-1.jpg\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/03\/jpmorgan_ce-1.jpg\",\"width\":1920,\"height\":1080,\"caption\":\"jpmorgan\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/jpmorgan-outlines-expectations-for-the-feds-september-meeting\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"JPMorgan Outlines Expectations for the Fed\u2019s September Meeting\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/f99e7d0d5039cb3b36bd759a12c1216c\",\"name\":\"Emre Yumlu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3618e7041e2880ae9fdfeec9b77592ba6e9417ff89cfe4db07e0d1687a477d7b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3618e7041e2880ae9fdfeec9b77592ba6e9417ff89cfe4db07e0d1687a477d7b?s=96&d=mm&r=g\",\"caption\":\"Emre Yumlu\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/ceemre\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"JPMorgan Outlines Expectations for the Fed\u2019s September Meeting - Coin Engineer","description":"As the FED approaches its meeting on September 17, JPMorgan strategist Fabio Bassi shared the prominent scenario for this meeting.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/jpmorgan-outlines-expectations-for-the-feds-september-meeting\/","og_locale":"en_US","og_type":"article","og_title":"JPMorgan Outlines Expectations for the Fed\u2019s September Meeting - Coin Engineer","og_description":"As the FED approaches its meeting on September 17, JPMorgan strategist Fabio Bassi shared the prominent scenario for this meeting.","og_url":"https:\/\/coinengineer.net\/blog\/jpmorgan-outlines-expectations-for-the-feds-september-meeting\/","og_site_name":"Coin Engineer","article_published_time":"2025-09-09T12:00:23+00:00","article_modified_time":"2025-09-09T10:56:28+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/03\/jpmorgan_ce-1.jpg","type":"image\/jpeg"}],"author":"Emre Yumlu","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Emre Yumlu","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/jpmorgan-outlines-expectations-for-the-feds-september-meeting\/","url":"https:\/\/coinengineer.net\/blog\/jpmorgan-outlines-expectations-for-the-feds-september-meeting\/","name":"JPMorgan Outlines Expectations for the Fed\u2019s September Meeting - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/jpmorgan-outlines-expectations-for-the-feds-september-meeting\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/jpmorgan-outlines-expectations-for-the-feds-september-meeting\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/03\/jpmorgan_ce-1.jpg","datePublished":"2025-09-09T12:00:23+00:00","dateModified":"2025-09-09T10:56:28+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/f99e7d0d5039cb3b36bd759a12c1216c"},"description":"As the FED approaches its meeting on September 17, JPMorgan strategist Fabio Bassi shared the prominent scenario for this meeting.","breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/jpmorgan-outlines-expectations-for-the-feds-september-meeting\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/jpmorgan-outlines-expectations-for-the-feds-september-meeting\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/jpmorgan-outlines-expectations-for-the-feds-september-meeting\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/03\/jpmorgan_ce-1.jpg","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/03\/jpmorgan_ce-1.jpg","width":1920,"height":1080,"caption":"jpmorgan"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/jpmorgan-outlines-expectations-for-the-feds-september-meeting\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"JPMorgan Outlines Expectations for the Fed\u2019s September Meeting"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/f99e7d0d5039cb3b36bd759a12c1216c","name":"Emre Yumlu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3618e7041e2880ae9fdfeec9b77592ba6e9417ff89cfe4db07e0d1687a477d7b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3618e7041e2880ae9fdfeec9b77592ba6e9417ff89cfe4db07e0d1687a477d7b?s=96&d=mm&r=g","caption":"Emre Yumlu"},"url":"https:\/\/coinengineer.net\/blog\/author\/ceemre\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/50587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=50587"}],"version-history":[{"count":2,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/50587\/revisions"}],"predecessor-version":[{"id":50589,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/50587\/revisions\/50589"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/38495"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=50587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=50587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=50587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}