The biggest macro disagreement on Wall Street today isn’t about inflation or economic growth. It’s about the direction of interest rates.
A new survey from the Securities Industry and Financial Markets Association (SIFMA), whose Economist Council includes chief economists from Bank of America, Goldman Sachs, JPMorgan, Morgan Stanley, Deutsche Bank, Citigroup and more than two dozen other major institutions, shows that most economists still expect the Federal Reserve under the new chairman Kevin Warsh to cut rates one to two times in 2027.
