Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said that "Bank of America's forecast that the Fed will cut interest rates once this year, but will not cut interest rates until December" is a reasonable prediction. The Fed is now in a very advantageous position and can slowly obtain more inflation data, more economic data and labor market data before making any decision. But if there is only one rate cut, which is the median forecast, then the time of the rate cut is likely to be at the end of the year.