Wall Street Forecasts: Most Institutions Expect Fed to Cut Rates by 25 Basis Points on Wednesday

Article is form Jinse
September 18, 2024
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Gold Finance reported on the predictions of some Wall Street institutions regarding the Federal Open Market Committee's interest rate decision on Wednesday and the remaining two meetings this year. Among major banks, only JPMorgan Chase expects the Fed to cut interest rates by 50 basis points today. Most institutions believe that interest rates will be cut by 75 basis points by the end of the year. Citigroup predicts two rate cuts of 50 basis points each after the September meeting.

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