BNP Paribas: Federal Reserve's interest rate cut may be delayed until mid-2026

Odaily Planet Daily News: Analysts from BNP Paribas Markets 360 predict that the Federal Reserve may not cut interest rates until mid-2026. They have held this view since early December last year. Their predictions are partly based on expectations of tariffs, but recent news suggests that they may have to raise their initial estimates of tariffs. This gives analysts more confidence in their already higher than market consensus inflation expectations. The money market currently expects the Federal Reserve to resume interest rate cuts in September. (Golden Ten)