Bank of America: The Federal Reserve is unlikely to signal that a September rate cut is a done deal, and may cut rates once in December.

Odaily Odaily News: Bank of America economists expect the Federal Reserve to keep its policy rate unchanged in July while indicating that progress has been resumed in reducing inflation. The bank's economists said in a note that the Fed is optimistic about the possibility of a near-term rate cut, but is unlikely to signal that a September rate cut is a foregone conclusion. They pointed out: "(September rate cut) is possible, but it depends on the data. This is the general tone of most FOMC members who have spoken publicly recently. While inflation data is encouraging, more evidence is needed before starting to normalize policy rates." Overall, Bank of America still believes that the Federal Reserve will cut interest rates once in December this year, and is not too worried about the risk of a sharp economic slowdown. Economists said, "We believe that the market has begun to be too optimistic about the upcoming rate cut cycle again." (Jinshi)