Wall Street Journal reporter: Many banks have abandoned their forecasts for a rate cut in June, and there may be at most two rate cuts this year

According to TechFlow, Nick Timiraos, chief economic reporter of the Wall Street Journal, said on the X platform that the March inflation report triggered a "jailbreak" among sell-side banks and other Fed forecasters, who basically abandoned their previous forecasts of a rate cut in June. Currently, most people believe that the first rate cut will not come before the third quarter, and many people tend to believe that there will only be one or two rate cuts this year.