Institution predicts: The earliest opportunity for the Federal Reserve to cut interest rates has been postponed.

1. Citigroup: It is expected that the Federal Reserve will cut interest rates by 25 basis points in March, July, and September, compared to the previous forecast of rate cuts in January, March, and September of this year. 2. Goldman Sachs: It is expected that the Federal Reserve will cut interest rates by 25 basis points in June and September this year, compared to the previous expectation of rate cuts in March and June. 3. Barclays Bank: It is expected that the Federal Reserve will cut interest rates by 25 basis points in June and December this year, compared to the previous expectation of rate cuts in March and June. 4. Morgan Stanley: It is expected that the Federal Reserve will cut interest rates by 25 basis points in June and September, compared to the previous forecast of rate cuts in January and April of this year. 5. JPMorgan Chase: It no longer predicts that the Federal Reserve will cut interest rates in 2026, compared to the previous expectation of a 25 basis point rate cut in January, and predicts an interest rate hike of 25 basis points in the third quarter of 2027.