The Federal Reserve is expected to cut interest rates by 25 basis points each in 2026

According to Jinshi News, Andrew Grantham, an economist at the Canadian Imperial Bank of Commerce's capital markets, stated that the latest U.S. CPI data supports the bank's adjustment to its Federal Reserve policy forecast. Following the release of non-farm payroll data earlier this week, the Canadian Imperial Bank of Commerce has increased its rate cut expectations in its 2026 outlook, anticipating a 25 basis point cut in both the first and second quarters.