JP Morgan forecast Fed's upper band of target range to 4.75%, and stay there through 2023

JP Morgan says last Friday's NFP:

• US September non-farm payrolls +263K vs +250K expected

"sealed the deal for a 75bp hike at the Fed’s next meeting"

Further ahead JPM are looking for the upper band of the Fed’s target range to reach 4.75% early in 2023, and to stay there right through the year.