The monitor on a video camera shows Federal Reserve Chair Janet Yellen as she speaks at Radcliffe Institute for Advanced Studies at Harvard University in Cambridge, Massachusetts.
Brian Snyder | Reuters
JPMorgan expects the Federal Reserve would raise U.S. interest rates at its December policy meeting, three months later than its earlier call for such a move, in the wake of Thursday's Brexit vote that stunned investors, a JPMorgan economist said on Friday.
"On the heels of the Brexit developments we are pushing back our Fed call from September to December; there is exceptionally low visibility on the monetary policy outlook right now," JPMorgan economist Michael Feroli wrote in a research note.