JP Morgan forecast the first FOMC rate cut in June, but are wavering on perhaps May

<p>JP Morgan on the Federal Open Market Committee (FOMC) statement and Powell's presser on Wedensday, analysts at the bank are still confident June will be the first rate cut:</p><ul><li>We are sticking with our call for a first cut in June</li></ul><p>But there's a but!</p><ul><li>But after Powell’s remarks it’s not hard to see a configuration of employment and inflation data that gets the Committee cutting by May</li></ul><p>The dates to watch:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.