The U.S. Federal Reserve is expected to implement further rate cuts this year, according to major brokerages. Following the central bank’s widely anticipated 25-basis-point reduction, firms such as Nomura and KBW have forecasted an additional rate cut in October. Fed Chair Jerome Powell, speaking after the recent two-day monetary policy meeting, hinted at further easing, citing concerns over the softening job market as a key factor influencing the Fed’s decisions. While BofA Global Research and HSBC do not anticipate a rate cut at the next meeting, they noted that worsening jobs data could prompt an earlier reduction. Brokerages have also begun to outline their forecasts for 2025, with UBS Global Research and UBS Global Wealth Management providing distinct perspectives. The ongoing economic uncertainty continues to shape the Fed’s policy trajectory, with market participants closely monitoring upcoming data releases.