PANews reported on September 19 that JPMorgan correctly predicted the Fed's 50 basis point rate cut this week. The bank stated that another significant rate cut depends on whether the US labor market weakens. Michael Feroli, the bank's chief US economist, insists that the Fed will cut rates by another 50 basis points in November, but he added that his view is contingent on the outcome of the upcoming jobs report. JPMorgan's interest rate strategists anticipate that US Treasuries will remain rangebound until the September jobs report provides direction. Analyst Jay Barry wrote, “The US Treasury yield curve may trade in a tighter range in the coming weeks. Until we see the September employment report, money markets are unlikely to reflect a faster pace of easing or a lower terminal rate.”