FXStreet Summary: Institutional Outlook on the Fed Interest Rate Decision (Part Four) - Not ruling out an initial 50bp cut, Powell's stance and the subsequent rate cut path are uncertain

Multiple institutions have different predictions on the upcoming rate cut by the Federal Reserve. Both Bank of Canada and Fidelity Bank expect a 25 basis point cut, with Fidelity Bank also considering a 50 basis point cut within expectations. Montreal Bank and ING International lean towards a 25 basis point cut, but do not rule out the possibility of 50 basis points. JP Morgan and Mitsubishi UFJ predict a 50 basis point cut, with the former expecting a total cut of 100 basis points this year. Evercore ISI believes that a 50 basis point cut will initiate an easing cycle. Powell's stance and the future rate cut path still remain uncertain