Factbox-Major brokerages see slower pace of Fed rate cuts despite Trump tariff uncertainty
(Reuters) - Major brokerages maintained their predictions for a slower pace of interest-rate cuts by the U.S. Federal Reserve after the central bank kept its benchmark interest rate unchanged on Wednesday.
The Fed left its benchmark overnight interest rate in the 4.25-4.50% range, with Chair
The Fed also forecast slower economic growth and higher inflation.
Currently, traders expect two rate cuts of 25 basis points each for the year, according to data compiled by LSEG. The Federal Open Market Committee (FOMC) is scheduled to meet again on
Here are the forecasts from major brokerages following the March meeting:
Total No. of Fed Funds
Brokerage cuts in 2025 cuts in 2025 Rate
50 2 (25
Goldman Sachs bps bps each in June and 3.75-4.00% (through
December) December)
50 2 (25
J.P.Morgan bps bps each in June and 3.75-4.00% (through
September)
125bp 5
Citigroup (starting in may) 3.00-3.25% (end of
2025)
50 2 (25
Barclays bps bps each in June and 3.75-4.00% (through
September) December)
No 0
Berenberg rate cut 4.25-4.50% (end of
2025)
No 0
Nomura rate cut 4.25-4.50% (end of
2025)
50 2 (25
Barclays bps bps each in June and 3.75-4.00% (through
September) December)
75 3 (25
HSBC bps bps each in June, 3.50-3.75% (end of
September and 2025)
December)
50 2 (H2
ING bps 2025) 3.75-4.00% (end of
2025)
(Compiled by the
(c) Reuters 2025. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.
close
Factbox-Major brokerages see slower pace of Fed rate cuts despite Trump tariff uncertainty
Important legal information about the e-mail you will be sending. By using this service, you agree to input your real e-mail address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an e-mail. All information you provide will be used by Fidelity solely for the purpose of sending the e-mail on your behalf.The subject line of the e-mail you send will be "Fidelity.com: "
Your e-mail has been sent.
close
Your e-mail has been sent.
Related News
-
Monetary Policy Stance Appropriate Amid High Macro Uncertainty, New York Fed's Williams Says
MT Newswires - 3:18 PM ET 3/21/2025
-
MT Newswires - 2:32 PM ET 3/21/2025
-
Fed posts smaller loss on operations in 2024
Reuters - 1:01 PM ET 3/21/2025
-
Fed's Waller says no need to slow balance sheet drawdown at this time
Reuters - 10:51 AM ET 3/21/2025
-
Benzinga - 10:24 AM ET 3/21/2025
-
New York Federal Reserve President Williams Sees High Level of Uncertainty in Economic Outlook
MT Newswires - 9:32 AM ET 3/21/2025
-
Fed officials back cautious policy approach in light of economic uncertainty
Reuters - 9:08 AM ET 3/21/2025
Content for this page, unless otherwise indicated with a Fidelity pyramid logo, is selected and published by Fidelity Interactive Content Services LLC ("FICS"), a Fidelity company. All Web pages published by FICS will contain this legend. FICS was established to present users with objective news, information, data and guidance on personal finance topics drawn from a diverse collection of sources including affiliated and non-affiliated financial services publications. Content selected and published by FICS drawn from affiliated Fidelity companies is labeled as such. FICS-selected content provided is not intended to provide tax, legal, insurance, or investment advice, and should not be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by any Fidelity entity or any third party. Quotes are delayed unless otherwise noted. FICS is owned by FMR LLC and is an affiliate of Fidelity Brokerage Services LLC. Terms of use for Third-Party Content and Research
These links are provided by Fidelity Brokerage Services LLC ("FBS") for educational and informational purposes only. FBS is responsible for the information contained in the links. FICS and FBS are separate but affiliated companies and FICS is not involved in the preparation or selection of these links, nor does it explicitly or implicitly endorse or approve information contained in the links.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
