Economists Predict Fed Rate Cut in June, Warn of Fewer Cuts in Coming Months
Monday, 11 March 2024, 14:39
Expert Consensus on Fed Rate Cut
A recent Reuters poll reveals that economists anticipate the U.S. Federal Reserve's move to lower its key interest rate in June, reflecting concerns about future rate adjustments.
Key Predictions
- Majority foresee rate cut in June
- Risk of fewer cuts for the year
In his recent Congressional testimony, Fed Chair Jerome Powell indicated a potential policy easing later in the year, echoing the sentiment of the survey respondents.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.