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BNP Paribas: Fed rate cut may extend latency to mid-2026
On February 17, Jinshi data, analysts at Paris Bank Markets 360 in France predicted that the Fed may not cut interest rates until mid-2026. They have held this view since early December last year. Their forecast is partly based on expectations of tariffs, but recent news suggests that they may have to raise their preliminary estimates of tariffs. This has made analysts more confident in their inflation expectations, which are already higher than the market Consensus. The currency market is currently expecting the Fed to resume interest rate cuts in September.