Investment banks' outlook on the future path of the Fed's interest rate: the earliest rate cut may begin in September

Odaily Odaily News Investment banks have released their outlook on the future path of the Federal Reserve's interest rate, with the earliest rate cut expected to begin in September:

1. Wells Fargo: Still predicts the Fed will cut interest rates twice this year by 25 basis points each, in September and December.

2. ANZ: The Fed is highly likely to restart the rate-cutting cycle in the third quarter of this year, most probably at the September meeting.

3. Goldman Sachs: Expects the Fed to cut rates by 25 basis points in September and December, and considers the likelihood of a rate hike this year to be small.

4. Bank of America: Downside risks to economic growth lead us to continue predicting the Fed will cut rates by 50 basis points later this year.

5. TD Securities: By the September decision, the market will have accumulated enough evidence to support the Fed in gradually moving back towards an easing cycle.

6. Standard Chartered Bank: Once Kevin Warsh's nomination is confirmed, the Fed is likely to shift its focus towards revitalizing the weak job market and resuming rate cuts.

7. Commerzbank: The Fed will be unable to resist pressure from the US President in the medium to long term, possibly implementing its first rate cut at the end of the year and two more cuts in 2027.

8. Danske Bank: Expects the Fed to keep rates unchanged throughout the summer, ultimately resuming rate cuts in September and December.

9. Barclays: If inflation falls as expected, the Fed is expected to gain sufficient confidence around September to begin easing policy.

10. ING: Still maintains the forecast that the Fed will cut rates twice this year, in September and December.

11. BNY Mellon: Under the premise that the Strait of Hormuz reopens, the Fed will cut rates twice in the fourth quarter. (Jin Shi)