Lates News

New York Mellon Bank analyst John Velis says that the upcoming Federal Open Market Committee (FOMC) statement is expected to clearly show that there is a two-way risk in short-term interest rates, consistent with the three dissenting opinions at the end of the last FOMC meeting in late April. A new Summary of Economic Projections (SEP), or "dot plot," will be released. The Americas strategist predicts that the median forecast for the end of 2026 will eliminate the previous expectation of a single rate cut that has been present in the past few cycles.