Multiple financial institutions and Federal Reserve officials, including UBS, TD Securities, and Wells Fargo, expect the Federal Reserve to start cutting interest rates in September 2024, with UBS predicting two rate cuts of 25 basis points each. Fed's Williams emphasizes the uncertain outlook and the need for data-driven decisions, foreseeing inflation at 2.25-2.5% this year and expecting it to settle back to 2% next year. Williams also anticipates the unemployment rate to rise to 4% this year but does not see a financial stability crisis from commercial real estate. Meanwhile, Fed's Collins anticipates 'in the range of two' rate cuts for 2024 and expects inflation pressures to diminish later this year.