Reopening Rate Cuts This Year
1. First Savings Bank: The Federal Reserve will continue to hold steady, then conduct two rate cuts of 25 basis points each in September and December this year.
2. IG Group: The Federal Reserve may use this week's meeting to pave the way for a 25 basis point rate cut in July, earlier than the current market expectation of September.
3. Insight Investment: The Federal Reserve will lower rates twice this year, and then further cut rates next year, bringing the terminal rate to 3%.
4. Oxford Economics: The high oil prices resulting from tensions in the Middle East may lead the Federal Reserve to cut rates earlier, but the baseline expectation remains the first cut in December.
5. ANZ Bank: The Federal Reserve is likely to keep rates unchanged this week, possibly resuming rate cuts in September. Powell will continue to emphasize patience, pointing out that monetary policy is in good shape.
6. Goldman Sachs: The Federal Reserve will continue to hold steady, cutting rates for the first time by 25 basis points in December, followed by two more cuts next year, ultimately lowering rates to a range of 3.5%-3.75%.
7. Wells Fargo: The Federal Reserve needs to see a weaker job market before cutting rates this year. It is expected that signs of labor market weakness will emerge in the coming months, leaving the Fed with a potential 75 basis points of rate cut space this year.
8. Dutch International Bank: It is expected that tariffs and energy costs will keep inflation high from July to October, making a September rate cut by the Federal Reserve unlikely, which will be postponed to December with a possible cut of 50 basis points, followed by three more 25 basis point cuts next year.
9. French Foreign Trade Bank: The most severe price pressures will not be felt until later this summer, so the Federal Reserve will wait until October to cut rates by 25 basis points and will continue to cut rates until June next year to reach an upper limit of 3% on the rate range.