news flash·2025-07-30 05:21Core Viewpoint - The Federal Reserve is expected to maintain interest rates unchanged in the near term, with varying opinions on the timing and extent of future rate cuts, particularly in September and December [1][2][3][4]. Group 1: Expectations for Rate Cuts - Goldman Sachs anticipates the Fed will keep rates unchanged but expects three consecutive rate cuts of 25 basis points in September, October, and December, with two additional cuts next year [1]. - Russell Investments believes the Fed will maintain rates but will have sufficient data to restart the rate-cutting cycle in September [1]. - Wells Fargo predicts the Fed will keep rates unchanged and begin cutting rates in the fall, totaling 75 basis points by year-end to alleviate political pressure [1]. - Danske Bank sees a significant possibility of a September rate cut if macroeconomic data falls below expectations [1][2]. Group 2: Divergent Views on Rate Stability - Societe Generale expects the Fed to maintain rates until it is confident that tariff-related uncertainties have been resolved [3]. - UBS forecasts only one rate cut in December, based on the belief that tariffs will push inflation higher while the economy avoids recession [3]. - Nomura Securities suggests the Fed will not cut rates before December due to rising inflation risks from tariffs [3]. - Barclays Bank predicts the next rate cut will not occur before December, with three cuts expected next year if inflation moderates [3]. Group 3: Other Perspectives - BlackRock anticipates the Fed will keep rates unchanged, with a greater likelihood of a rate cut in October compared to September [4].