Wall Street forecasts: most institutions expect the Federal Reserve to cut interest rates by 25 basis points on Wednesday
2024-09-18 13:13:08
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Some Wall Street forecasts for the FOMC's interest rate decision on Wednesday and the two remaining meetings this year. Only JPMorgan Chase expects the Federal Reserve to cut rates by 50 basis points today. Most institutions think it will cut rates by 75 basis points before the end of the year. Citi forecasts two rate cuts of 50 basis points each after the September meeting.
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