Wall Street and the Fed Disagree on When Interest Rates Will Rise

Investors betting on interest-rate futures see no Fed rate hike before mid-2027. The Fed's own forecast says nine officials expect one in 2026. Three of 12 Fed members dissented at July's decision holding rates at 3.50%–3.75%. Weak July jobs data caused the split. ING expects a September hold; J.P. Morgan expects a December hike. Nothing resolves before September.