Goldman Sachs strategists predict the Federal Reserve will improve economic growth predictions and not hike interest rates at its meeting.

They believe labor market rebalancing, better inflation news, and a Q4 growth pothole will convince more participants to forgo a final hike this year.

J.P. Morgan Asset Management and Janus Henderson Investors believe the Fed is done raising rates after the most aggressive monetary policy tightening cycle in decades.

Goldman’s strategists also expect the Fed to drop its 2023 unemployment rate forecast and core inflation projection.