Several banks and securities firms predict the timing of the Fed's first rate cut

According to Jinshi.com, Citibank, Scotiabank, Huajin Securities and Goldman Sachs all predicted that the first rate cut by the Federal Reserve would be in September. Among them, Citibank and JPMorgan Chase changed their predictions from July to September and November. BNP Paribas and Bank of America predicted that the Federal Reserve would make its first rate cut in December.