Wall Street forecast: Most institutions expect the Fed to cut interest rates by 25 baz puan on Wednesday

Gold Finance reported that some Wall Street institutions have made predictions on the Federal Open Market Committee’s interest rate decisions and the remaining two meetings this year. Among the major banks, only JPMorgan Chase expects the Fed to cut rates by 50 basis points today. Most institutions believe that rates will be lowered by 75 basis points before the end of the year. Citigroup predicts two rate cuts of 50 basis points each after the September meeting.