Wall Street's major banks expect the Federal Reserve to keep interest rates unchanged this week

ChainCatcher news, most major Wall Street banks expect the Federal Reserve to keep interest rates unchanged this week, while maintaining a hawkish stance due to a strong labor market and rising inflation. Several economists stated that this meeting will waver between "skipping" and "raising rates," with most banks expecting the Fed to prepare the market for a rate hike in July. The money market currently anticipates a probability of over 70% for a pause in rate hikes this month, while expectations for rate cuts have been pushed to next year. (source link)