1. Commerzbank: Expects the Fed to keep rates unchanged at its next two meetings, with the window for rate cuts potentially opening mid-year with Warsh's inauguration.
2. Barclays: Expects 25 basis point rate cuts in September 2026 and March 2027, compared to previous forecasts of June and December this year.
3. ANZ: Expects rates to remain unchanged in March, with a high probability of restarting rate cuts in June, maintaining its baseline forecast of three rate cuts this year.
4. Morgan Stanley: Expects rates to remain unchanged in March, potentially hinting at 25 basis point cuts in both this year and next, ultimately reaching a range of 3.0-3.25%.
5. RBC: Still expects the Fed to hold rates steady in 2026, but anticipates three 25 basis point "normalization" rate cuts in 2027.
6. French Foreign Trade: Interest rates are expected to remain unchanged in March; most members are expected to still believe that a rate cut would be appropriate once it is confirmed that inflation has not accelerated again.
7. Montreal: The Fed is expected to cut rates twice this year, with the first cut in September. Inflationary pressures may force the Fed to maintain a neutral stance for a longer period.
