Federal Open Market Committee (FOMC) forecast via Reuters polling:101 analysts polled55 forecast federal funds rate cuts by 25 basis points in September, November and December34 predict two rate cuts this year1 respondent forecast only one rate cut11 have tipped cuts by 100bps or more in the upcoming three meetingsSays Barclays:"The basis for the cuts that we have is mostly because inflation is coming down. It's not so much that activity is slowing ... We see a pretty resilient economy that's growing near trend and with that, we think inflation only ebbs gradually," "The labor market is hanging in there just fine. It's gradually cooling, but we don't expect it to have really material weakeni
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