TechFlow news, January 12 — According to Jinshi Data, multiple institutions have revised their forecasts, pushing back the earliest timing for Federal Reserve rate cuts:
Citigroup: Now expects the Fed to cut rates by 25 basis points each in March, July, and September, compared to previous expectations of rate cuts in January, March, and September this year.
Goldman Sachs: Now forecasts two 25-basis-point rate cuts in June and September this year, down from earlier expectations of cuts in March and June.
Barclays: Expects 25-basis-point rate cuts in June and December this year, shifting from prior expectations of cuts in March and June.
Morgan Stanley: Now anticipates 25-basis-point rate cuts in June and September, having previously forecast cuts in January and April this year.
JPMorgan Chase: No longer expects any rate cuts in 2026; previously projected a 25-basis-point cut in January. Now forecasts a 25-basis-point rate hike in the third quarter of 2027.
