[Wall Street Economists Divided Over Rate Cut Path Ahead of Fed FOMC Meeting] BlockBeats News, January 26: Wall Street economists' expectations for further rapid rate cuts by the Federal Reserve are fading, with the market predicting no action until July. Wells Fargo Senior Economist Sarah House stated, 'The longer they wait to cut rates, the higher the economic threshold will be to justify further easing.' While the consensus remains that there will eventually be further rate cuts, some economists are beginning to express doubts. JPMorgan Chief U.S. Economist Michael Feroli predicts that the Federal Reserve will remain on hold throughout the year. He said the Fed's next move will be a rate hike in the second half of 2027. HSBC Chief U.S. Economist Diane Swonk said in an interview that the Federal Reserve is in a 'dilemma.' On one hand, inflation has been persistently stubborn. On the other hand, there seems to be no income growth to help strengthen the labor market and drive the economy forward, she said. Stifel Chief Economist Lindsey Piegza stated in a report to clients that there are divisions within the Federal Reserve. Some are increasingly concerned about the lack of hiring momentum, while others remain focused on persistent high price pressures. She said at least some Fed officials are still worried that any further policy easing could risk accelerating inflation. Former Dallas Fed President Robert Kaplan said in an interview that Fed officials will be reluctant to cut rates again until there is clear evidence of a downward trend in inflation. Financial market pricing indicates that the Federal Reserve may not cut rates until July, which would be after Powell's term as chair ends in May.