Wall Street urgently adjusts! Fed rate cut expectations are comprehensively raised
Due to the unexpected cold non-farm data, many Wall Street investment banks have adjusted their forecasts for the Fed's rate cuts, and the situation is more radical than expected:
1. Goldman Sachs: The expectation of a 25 basis point rate cut by the Fed this year has been increased from two to three times, and the possibility of a direct 50 basis point rate cut in September is not ruled out.
2. Citi: It is predicted that the Fed will cut interest rates by 50/50/25 basis points in September, November and December, respectively, which is much higher than the previously expected 25 basis points.
3. Barclays: The latest forecast adds a third rate cut of 25 basis points, showing concerns about future economic pressures.
4. Bank of America: The first rate cut will be brought forward to September, and a 25 basis point cut is expected, while it was previously believed that it would take until December to act.
5. JPMorgan Chase: It is expected that the Fed will cut interest rates by 50 basis points in September and November, respectively, and by 25 basis points at each subsequent meeting.
6. TD Securities: Looking ahead to 2024, the Fed may cut interest rates by a total of 75 basis points, with 25 basis points cuts in September, November and December.
The market trend is changing rapidly, and the adjustments made by investment banks suggest that monetary policy will become the focus in the coming months. Pay attention to this wave of market, the opportunity is not to be missed!
