[Rabobank: Fed Expected to Cut Rates Twice in 2026] Jin10 News, March 19 – Philip Marey, Senior U.S. Strategist at Rabobank, pointed out that despite upward revisions to inflation and growth expectations, the FOMC still anticipates one rate cut in 2026, indicating they expect to overlook the temporary rise in energy prices. Given the FOMC's muted response to the inflationary impact of the Iran war, Rabobank now expects the Federal Reserve to cut rates once in September and once in December, a reduction from the previous forecast of three rate cuts. The bank believes that once Walsh becomes the new chair, he will attempt to persuade the committee to implement more than one rate cut. However, the bank also warns that further escalation of the Iran conflict could lead to a further reduction in its forecast for rate cuts in 2026.