"Wall Street Strategists Doubt Fed Rate Cut in June After Strong CPI Data"

Wall Street analysts at Citi, UBS, and Goldman Sachs do not anticipate the Federal Reserve cutting rates in June following the release of stronger-than-expected CPI data and the FOMC minutes. Citi believes the case for preemptive cuts is more difficult due to the lack of increased confidence in inflation trends, while UBS has removed the June rate cut from its base case and now looks for the first cut in September. Goldman Sachs has pushed back its forecast of the first rate cut from June to July, expecting cuts at a quarterly pace thereafter.