JP Morgan shifts outlook on Fed rate cut to December

Nov 26 (Reuters) - J.P. Morgan said it now expects the U.S. Federal Reserve to deliver a quarter-point interest rate cut in December, changing its previous view that policy makers would hold rates steady until January next year.

"While the next FOMC meeting remains a close call, we now believe the latest round of Fedspeak tilts the odds toward the Committee deciding to cut rates in two weeks from today," said J.P. Morgan's chief U.S. economist Michael Feroli in a note dated November 26.