Odaily Planet Daily report: Major investment banks forecast the Fed's future interest rate path, with the first rate cut potentially coming as early as September:
1. Wells Fargo: Still expects the Federal Reserve to implement two 25-basis-point rate cuts this year, in September and December.
2. ANZ Bank: The Federal Reserve is very likely to restart its interest rate cutting cycle in the third quarter of this year, most probably at the September meeting.
3. Goldman Sachs: Expects the Federal Reserve to cut interest rates by 25 basis points in September and December, and believes the likelihood of rate hikes this year is very low.
4. Bank of America: Downside risks to economic growth lead us to continue forecasting a 50-basis-point rate cut by the Federal Reserve later this year.
5. TD Securities: By the time of the September decision, the market will have accumulated sufficient evidence to support the Fed’s gradual return to an easing cycle.
6. Standard Chartered Bank: Once Wash's nomination is confirmed, the Federal Reserve is likely to shift its focus toward revitalizing the weak labor market and resuming interest rate cuts.
7. Deutsche Bank: The Federal Reserve will ultimately be unable to resist pressure from the U.S. president over the medium to long term, potentially cutting rates for the first time by year-end and cutting twice more in 2027.
8. Danske Bank: The Fed is expected to hold rates steady throughout the summer, with rate cuts resuming in September and December.
9. Barclays Bank: If inflation declines as expected, the Federal Reserve is anticipated to gain sufficient confidence by September to begin easing policy.
10. ING: Maintains its forecast that the Federal Reserve will cut interest rates twice this year, in September and December.
11. Bank of New York Mellon: Assuming the Strait of Hormuz reopens, the Federal Reserve will cut interest rates twice in the fourth quarter. (Jinshi)