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[Several Banks Raise Expectations for Fed Rate Cuts] Several major banks anticipate that the number of Fed rate cuts will exceed previous forecasts. Barclays economists predict three 25-basis-point rate cuts this year, followed by two more in 2026. JPMorgan believes that if CPI data leans hawkish, the Fed may adjust its strategies for the October and December meetings. The market has already priced in rate cuts exceeding 1 percentage point over the next year, but rising inflation may impact the trajectory.