Sensay Price

Jennifer Lee, senior economist at BMO Capital Markets, predicts the Fed will hold interest rates steady this year before cutting rates in 2027. Fed Chair Kevin Warsh is set to speak later this month at the Jackson Hole Economic Policy Symposium.

As investors debate whether and when the Federal Reserve will raise interest rates, market expectations for further tightening are building around the world — and spelling trouble for bonds.

Must Watch Next Week | Trump Plans to Attend White House Cryptocurrency Meeting; Federal Reserve to Release Monetary Policy Meeting Minutes (8.17-8.23)

Federal Reserve expected to hold rates steady this year, BMO economist says, with cuts seen in 2027