Commonwealth Bank of Australia: The future rate cuts by the Federal Reserve may continue until 2026.

Joe Capurso, economist at the Commonwealth Bank of Australia, has stated that the US non-farm payroll data on September 5th and the Consumer Price Index (CPI) data for August on September 11th will set the tone for the Federal Open Market Committee (FOMC) meeting on September 17th. However, considering Powell's speech at Jackson Hole, one or both of these data points would need to significantly underperform expectations for the FOMC to cut interest rates. He added that if a rate cut does happen in September, it may be the beginning of a series of cuts, with the FOMC likely to cut rates again in October and December. The Commonwealth Bank of Australia predicts that the last rate cut will occur in March of next year.