June 12 (Reuters) - Most big Wall Street banks expect the Federal Reserve to keep interest rates unchanged on Wednesday, while sticking to its hawkish tone due to a strong job market and elevated inflation.
Several economists say that it is a toss-up between a skip and a hike in the June meeting.
Most banks expect the central bank to prepare markets for a hike in July.
Money markets are currently pricing in a more than 70% chance of a pause this month, with rate cut expectations pushed out to next year.
Following are forecasts from some big U.S. banks and their global counterparts:(This story has been corrected to change the dateline to June 12)Compiled by Broker Research team in BengaluruOur Standards: The Thomson Reuters Trust Principles.
Organizations:
Federal Reserve, Research, Thomson
Locations:
Bengaluru