ChainCatcher reported, citing Jinshi, that several institutions have shown clear differences in their views on the future direction of Federal Reserve policy. The divergence centers on whether inflation will continue to affect interest-rate decisions, how long current policy may be maintained, and when rate cuts could begin.
On the rate-hike side, Goldman Sachs said that if inflation does not cool, the Federal Reserve may raise rates in September or in the autumn. Huatai Securities offered a different assessment, expecting the Fed to keep rates unchanged in September while placing the probability of a rate hike by year-end at close to 50%. These views point to a split over how inflation could shape the Fed’s next steps.
Institutions also differ on the timing of rate cuts. SEB, the Nordic bank, believes cuts may be delayed until 2027, while Citigroup expects the Fed to cut rates in 2026. Other institutions, including JPMorgan Chase and CITIC Securities, are more inclined toward the view that the Federal Reserve will keep its existing policy unchanged. Taken together, the reported views show that no unified institutional consensus has formed on the timing of a Fed policy turning point.