Investment bank forecasts for the Fed's future interest rate path: Rate cuts could begin as early as September.

Major investment banks' forecasts for the Fed's future interest rate path suggest rate cuts could begin as early as September: 1. Wells Fargo: Still expects the Fed to cut rates by 25 basis points twice this year, in September and December respectively. 2. ANZ: The Fed is very likely to restart its rate-cutting cycle in the third quarter of this year, most likely at the September meeting. 3. Goldman Sachs: Expects the Fed to cut rates by 25 basis points each in September and December, and believes that the possibility of a rate hike this year is very small. 4. Bank of America: Downside risks to economic growth lead us to continue to predict that the Fed will cut rates by 50 basis points later this year. 5. TD Securities: By the September decision, the market will have accumulated enough evidence to support the Fed's gradual return to an easing cycle. 6. Standard Chartered: Once Warsh's nomination is confirmed, the Fed will likely shift its focus to reviving the weak job market and resuming rate cuts. 7. Commerzbank: In the medium to long term, the Fed will not be able to resist the pressure from the US president and may cut rates for the first time at the end of the year, followed by two more rate cuts in 2027. 8. Danske Bank: Expects the Federal Reserve to keep interest rates unchanged throughout the summer and eventually resume rate cuts in September and December. 9. Barclays: If inflation falls as expected, the Fed is expected to gain sufficient confidence to begin easing policy around September. 10. ING: Maintains its forecast that the Fed will cut rates twice this year, in September and December. 11. BNY Mellon: Assuming the Strait of Hormuz reopens, the Fed will cut rates twice in the fourth quarter. (Golden Ten)