Jinshi Summary: Institutional Forecast of the Fed's Interest Rate Decision (IV) - The first 50bp cut is not ruled out, Powell's position and subsequent interest rate cut path are suspense

1. Royal Bank of Canada: The Fed is expected to cut interest rates by 25bp, and the Summary of Economic Forecasts will show that the median rate cut this year is 75 basis points. Powell will remain cautious, hinting at future rate cuts without committing to a predetermined path.

2. Wells Fargo: Expected to cut interest rates by 25bp, and the August CPI data consolidated the Fed's determination. It would not be surprising if it chose to cut interest rates by 50 basis points. The Fed is still expected to cut interest rates by 50 basis points at some point.

3. Bank of Montreal: Expected to cut interest rates by 25bp. The dot plot may show three rate cuts this year, and some participants expect a rate cut of at least 100 basis points this year. The long-term or "neutral" interest rate level may be raised.

4. ING: Tend to expect a 50bp rate cut, but the latest employment and inflation data show that the probability of a 25bp rate cut is greater. Powell may take a relatively dovish stance, opening the door to a larger rate cut at some point.

5. JPMorgan Chase: 50bp cut expected, dot plot will show a total of 100 basis points this year and 150 basis points next year. There will be relatively mild changes in economic forecasts. Balance sheet policy is not expected to change.

6. MUFG: Hawks are expected to cut interest rates by 50 basis points, a total of 100 basis points this year, in order to restore the monetary stance to a neutral level in a timely manner. But Powell may emphasize that the weakness of the overall data is more important than the recent CPI.

7. Evercore ISI: It is expected to start the easing cycle with a 50 bp cut to ensure that inflation will ease further while the economy continues to expand. There may be as many as three members with different opinions, which is rare to break the consensus that Powell is striving for. #美联储利率决议公布在即 #灰度将推出首个美国XRP信托 #币安上线NEIRO #加密市场反弹 $BTC $ETH $BNB #token2049