Bloomberg Surveillance · Thursday, July 16, 2026
Brian Belski believes the Federal Reserve will not raise interest rates further this year, and anticipates a potential cut as the economy shows signs of slowing down. He notes that favorable inflation reports and less hawkish sentiment from the FOMC support this view.
“My view is that the Federal reserve will be on hold this year. I think actually the next move would be a cut.”
“I do think that the economy slows a bit here with higher commodity costs back again, you're seeing slow down in the emerging markets in China, and that's not the environment you want.”
“to raise interest rates into.”