Golden Finance reported that due to the surprise of non-agricultural data, several Wall Street investment banks adjusted their forecasts of the Fed's interest rate cuts, including: 1. Goldman Sachs: The expectation of the Fed's interest rate cut of 25 basis points this year has been increased to three times, and a 50 basis point cut in September is not ruled out. 2. Citi: The Fed will cut interest rates by 50/50/25 basis points in September, November and December, respectively, and the previous expectation was 25 basis points. 3. Barclays: A third interest rate cut of 25 basis points has been added to the forecast of the Fed's decision this year. 4. Bank of America: The Fed is expected to start cutting interest rates by 25 basis points in September, while the previous expectation was December. 5. JPMorgan Chase: The Fed is expected to cut interest rates by 50 basis points in September and November, and cut interest rates by 25 basis points at each meeting thereafter. 6. TD Securities: The Fed will cut interest rates by 75 basis points in 2024, with a 25 basis point cut in September, November and December.
