According to BlockBeats, analysts from Danske Bank's research center have revised their forecast for the Federal Reserve's interest rate cuts, citing a reduction in recession risks driven by recent tariff changes. The bank now anticipates the next rate cut by the Federal Reserve to occur in September, a quarter later than the previously predicted June timeline. However, the forecast for the terminal rate remains unchanged at 3.00%-3.25%.
The Federal Reserve is expected to implement quarterly rate cuts, with the terminal rate now projected to be reached by September 2026. The necessity for immediate rate cuts has diminished due to a more accommodative financial environment, lower tariffs, and stronger-than-expected macroeconomic data from April. Despite these short-term factors, long-term indicators such as structural growth slowdown and sluggish credit growth continue to suggest further rate cuts in the future.