Washington CNN —Nowadays, it’s anyone’s guess when the Federal Reserve will begin to cut interest rates this year — if at all.
Fed officials are meeting this week, starting Tuesday, to discuss rates and set policy.
That guidance will be key for market observers who clearly have divergent views on interest rates.
Forecasts from major Wall Street banks on the first rate cut are all over the place: JPMorgan and Goldman Sachs expect the first cut in July, while Wells Fargo is betting on September.
Some Fed policymakers, meanwhile, have even floated the possibility of a rate hike, instead of a cut.
Persons:
Goldman Sachs, Wall, Liz Ann Sonders, Charles Schwab, Jerome Powell, “, ” Kathleen Grace, John Towfighi, That’s, nearshoring, Alberto Ramos, Ramos, Morgan Stanley, Read, Cindy Westman, —, Brian Fung, Jason Carroll, I’ll, ”, Westman, ’, Westman —
Organizations:
CNN Business, Bell, Washington CNN, Federal Reserve, JPMorgan, Bank of America, CNN, Labor Department, Manufacturing, Commerce Department, Program, Social
Locations:
Washington, Wells, Mexico, —, China, United States, Eureka , Illinois