Wall Street economists think the Fed will cut rates by 25 basis points at its September meeting but have differing views about what will happen in the future.
"All told, the meeting should keep the door open for additional easing over the next few months," Wells Fargo economists said.
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a Senate Banking Committee hearing in Washington, D.C., on Thursday, July 11, 2019.
"With accumulating evidence that the economy is slowing amid greater sensitivity to trade turmoil, we recently adjusted our call to reflect a further cumulative 75bps of rate cuts after [Wednesday's] reduction. Following the September meeting, we expect 25bp rate cuts at the October, December and January meetings," Deutsche Bank economists said.
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