ChainCatcher, citing Jinshi, reported that multiple institutions show clear disagreement over the Federal Reserve’s future policy direction. The debate centers on whether the Fed will raise rates again, keep rates unchanged, or delay the start of rate cuts.
Goldman Sachs believes that if inflation does not cool, the Federal Reserve could raise interest rates in September or during the autumn. Huatai Securities, by contrast, expects the Fed to keep rates unchanged in September, while putting the probability of a year-end rate hike close to 50%.
On the rate-cut side, SEB believes that the start of Fed easing could be delayed until 2027. Citigroup expects rate cuts to take place in 2026. Other institutions, including JPMorgan and CITIC Securities, lean toward the view that the Federal Reserve will maintain its current policy stance.