Wall Street brokerages pencil in mid‑2026 Fed rate cuts
BNN Bloomberg
Major brokerages including Goldman Sachs, Barclays and Morgan Stanley expect the U.S. Federal Reserve to deliver its next interest rate cut in June while J.P. Morgan sees the next move as a hike in 2027.
With the federal government reopening after a partial shutdown that delayed key economic releases, the U.S. Bureau of Labor Statistics said on Wednesday that January’s jobs report will be released next week.
Last month, the Fed’s rate-setting committee left interest rates unchanged at 3.5 per cent to 3.75 per cent as expected. Chair Jerome Powell said the Fed would be data-dependent, and the upside risks to inflation and downside risks to employment had diminished.
Traders are betting on an over 80 per cent chance for the Fed to keep rates unchanged at its March policy meeting, according to the CME FedWatch tool.
(Compiled by the Broker Research team in Bengaluru; Editing by Anil D’Silva, Maju Samuel and Devika Syamnath)
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Israel killed another top Iranian official -- the intelligence minister -- in its campaign against the Islamic Republic’s leadership, and an Iranian offshore natural gas field was struck Wednesday amid the war’s escalating pressure on the region’s economic lifeblood: energy.
Canadian and U.S. stock markets fell on Wednesday amid interest rate decisions from the Bank of Canada and the U.S. Federal Reserve, with both central banks acknowledging inflationary risks from the war in the Middle East.
Israel killed another top Iranian official -- the intelligence minister -- in its campaign against the Islamic Republic’s leadership, and an Iranian offshore natural gas field was struck Wednesday amid the war’s escalating pressure on the region’s economic lifeblood: energy.
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U.S. stocks are sinking Wednesday after another climb for oil prices raised worries about inflation, which may have been primed to worsen even before the war with Iran began.
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A key question hangs over the Federal Reserve’s two-day meeting that ends Wednesday: Will central bank policymakers still reduce short-term interest rates this year, now that the Iran war has sent oil prices higher and gas prices spiking? Or will they have to stand pat for months to see how the conflict plays out?
Wall Street followed global markets higher Wednesday and the price of U.S. crude fell eased despite a new barrage of attacks by Iran on its Gulf neighbors.