JPMorgan Chase and Bank of America now expect a 25 basis point rate cut when the Fed meets again in November, having previously called for more rate cuts, but labor market data showing the resilience of the U.S. economy have abandoned their previous calls.。Both Michael Feroli, chief U.S. economist at JPMorgan Chase, and Aditya Bhave, an economist at Bank of America, cited Friday's jobs report as a reason to adjust their expectations for the Fed's easing path.。Given the Fed's 50 basis point rate cut in September, they see a solid job market as a reason for the Fed to take a more cautious approach。(Golden Ten)