Brian Martin, head of G3 economy research at ANZ Bank, forecasts that the Federal Reserve will initiate rate cuts in 2026, with reductions expected in March and June. Martin anticipates the Federal Open Market Committee will lower the target federal funds rate by 25 basis points each time, potentially bringing the rate to 3.00%-3.25% by mid-year. He suggests that easing U.S. inflation, driven by diminishing tariff impacts, slower wage growth, and cooling housing inflation, supports the case for these cuts.