What are the expectations for future rate cuts?

[madmax]

Markets are still pricing in two more cuts starting in October, but expectations for 2026 have dropped from three to two. If employment data improves, further cuts could be delayed.

[Nahid10]

Markets are still pricing in two more cuts starting in October, but expectations for 2026 have dropped from three to two. If employment data improves, further cuts could be delayed.