Strong Expectations for Fed Rate Cut in October, Multiple Institutions Predict Another Cut in December

Jinse Finance reported that multiple institutions have reached a consensus on the Federal Reserve's interest rate cut expectations. Bank of America expects the Federal Reserve to cut rates by 25 basis points in October and is the only major brokerage predicting just one rate cut this year. Citi, Wells Fargo, and JPMorgan all forecast a 25 basis point rate cut in October and another 25 basis point cut in December. Goldman Sachs believes there is a high probability of a rate cut in December and predicts two more rate cuts in 2026.