Interest Rate Decision Outlook: Voting Discrepancies Intensify, a "Three-Party Struggle" May Unfold

On September 17, the Federal Reserve's hawkish and dovish factions were divided, and multiple institutions made predictions regarding the interest rate cuts:

1. Citibank: This meeting is very likely to have the support of three voting committee members for a 50 basis points rate cut, namely Federal Reserve Governor Waller, Bowman, and Milan.
2. Morgan Stanley: It is expected that the Federal Reserve will decide to cut interest rates by 25 basis points, but the newly appointed Federal Reserve Board member Milan will hold a different opinion, advocating for a 50 basis point cut.
3. JPMorgan: The Federal Reserve is expected to decide to cut interest rates by 25 basis points, but during the voting session, it is anticipated that 2-3 participants will cast dissenting votes in favor of a 50 basis point cut.
4. Rabobank: There is no doubt that during this meeting, Milan will support a rate cut along with July dissenters Bauman and Waller, and may even support a significant rate cut of 50 basis points.
5. ING: Waller and Bowman may vote in favor of a larger rate cut, and Trump's newly appointed governor, Milan, might join this camp; however, we suspect he ultimately will not vote to support a 50 basis point cut.
6. SPI Asset Management: Within the Federal Reserve, 2 or 3 members will support a 50 basis point rate cut, while the others will support a 25 basis point cut; Cook may change his previous stance and support a 25 basis point cut to counter Trump.

or may appear in three types of tickets
1. Deutsche Bank: At this meeting, there may be as many as three members in the "dovish" camp calling for a 50 basis point rate cut, while the "hawkish" camp may have one or two members voting to support no rate cut.
2. Wrightson: The Federal Reserve may see opposing views at this meeting, with Waller, Bowman, and Mester potentially advocating for a 50 basis point cut, while some regional Fed presidents may support maintaining the current stance.
3. ANZ: The Federal Reserve's interest rate decision this time will not be unanimous, and it is expected that at least one official (Milan) will support a 50 basis point rate cut, while at least one other official (Schmidt) may oppose the policy adjustment. #美联储降息预期升温