As the Top Investment Manager, Stay Ahead of the Game with Insider Forecast on Federal Reserve Interest Rate Cuts | SEO-Optimized Analysis
Are you ready for the upcoming interest rate cut by the U.S. Federal Reserve in September? According to top brokerages like J.P. Morgan, Citigroup, UBS Global Wealth Management, and Wells Fargo, a 25 basis points cut is on the horizon. But some are even predicting a more aggressive 50 bps rate cut in the next Fed meeting.
With Chair Jerome Powell's speech at Jackson Hole on Friday, all eyes are on the central bank's next move. The majority of policymakers are in agreement that policy easing will likely begin next month.
Looking ahead, nearly all brokerages are expecting rate cuts in all three remaining meetings of the year. This sentiment is echoed by 55 out of 101 economists polled by Multibagger.
Here's a breakdown of the latest rate cut estimates from major brokerages:
- Goldman Sachs: 25 bps in Sept, Nov, and Dec
- BofA Global Research: 25 bps in Sept and Dec
- UBS Global Wealth Management: 50 bps in Sept, 25 bps in Nov and Dec
- J.P. Morgan: 50 bps in Sept and Nov, 25 bps in Dec
- Wells Fargo: 50 bps in Sept and Nov, 25 bps in Dec
- And more...
It's important to stay informed about these forecasts as they can have a significant impact on your investments and financial decisions. Keep an eye on Powell's speech and the upcoming Fed meetings to make the most of these potential rate cuts.