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(Reuters) -Main brokerages, together with BofA and Goldman Sachs, count on the U.S. Federal Reserve to carry rates of interest regular within the upcoming January assembly, after the central financial institution delivered a quarter-percentage-point reduce in December.
Fed Chair Jerome Powell mentioned extra reductions in borrowing prices now hinge on additional progress in reducing stubbornly excessive inflation. His remarks indicated policymakers have been beginning to think about the prospects for sweeping financial adjustments below a Trump administration.
Listed below are the forecasts from main brokerages for 2025:
Fee reduce estimates (in bps)
Brokerages Jan 2025 2025 Fed Funds Fee
BofA World No charge reduce 50 3.75%-4.00% (finish of
Analysis June)
Barclays (LON:BARC) No charge reduce 50 3.75%-4.00% (finish of
2025)
Goldman Sachs No charge reduce 75 (by way of 3.50%-3.75% (by way of
September September 2025)
2025)
J.P.Morgan No charge reduce 75(by way of 3.75% (by way of
September September 2025)
2025)
Morgan Stanley (NYSE:MS) No charge reduce 50 (by way of 3.75%-4.00% (by way of
June 2025) June 2025)
Nomura No charge reduce 25 4.00%-4.25% (by way of
finish of 2025)
*UBS World No charge reduce 125 3.00%-3.25% (by way of
Analysis finish of 2025)
Deutsche Financial institution (ETR:DBKGn) No charge reduce No Fee 4.25%-4.50%
Cuts
Societe No charge reduce – 3.00%-3.25% (by
Generale early 2026)
ING No charge reduce 75 3.75% – 4.00%
Macquarie No charge reduce 25 4.00%-4.25%
UBS World No charge reduce 50 3.75%-4.00% (finish of
Wealth 2025)
Administration
Peel Hunt No charge reduce 50 3.50%-4.00%
* UBS World Analysis and UBS World Wealth Administration are distinct, impartial divisions in UBS Group
