TechFlow news, according to Jinshi's compilation, multiple financial institutions have shared their views on the upcoming Federal Reserve FOMC meeting:
1. Standard Chartered Bank: Expects a hold this month, adopting a wait-and-see stance on rate cuts, and doubts Powell would want the FOMC to adopt a further hawkish posture at this stage.
2. SEB (Skandinaviska Enskilda Banken): Projects rates will be unchanged, awaiting more data and information regarding President Trump’s policies; forecasts two rate cuts in May and September 2025.
3. PIMCO: The Fed may keep interest rates unchanged “for the foreseeable future,” and could even raise borrowing costs; officials are waiting for greater clarity on Trump’s policies.
4. Goldman Sachs: Does not expect much new information from this meeting, and it is unlikely to provide forward guidance on policy actions in March; projects 25 basis point rate cuts in June and September this year.
5. Bank of America: Expects rates to be held steady, with economic data stabilizing, possibly upgrading labor market outlook. Powell may preserve maximum flexibility for the March policy decision.
6. ING: Anticipates no change in monetary policy. The rapid rise in government bond yields has significantly increased borrowing costs for consumers and businesses; forecasts three Fed rate cuts in 2025.
7. Rabobank: Expects rates to remain unchanged, with Powell likely cautious about further rate cuts and avoiding questions regarding the impact of Trump’s policies on the Fed’s rate path.
8. JPMorgan Chase: Expects rates to be held steady, without ruling out the possibility of action at the March meeting; attention will center on whether and how the Fed incorporates Trump’s policies into its policy deliberations.
9. Natixis: Projects rates will be kept unchanged, with little chance of a hawkish surprise; key focus will be signals on how the Fed views Trump’s policy mix and its implications for inflation and economic growth.
10. EY: Data show a robust economy and inflation more persistent than expected. Expects a pause in rate cuts this week, aiming to retain maximum optionality for further adjustments to the federal funds rate later this year.
