Policy Signals: Fed to cut next, expected in September
The Federal Reserve is gearing up for a potential 25 basis point cut to the federal funds rate this coming September.
This development, based on a recent poll of 108 economists, highlights a significant shift in market expectations, with the odds of a rate cut now exceeding 50% for the first time, as indicated by Fed Funds Futures.
Despite solid economic indicators and a rise in inflation, a majority—65 out of 108—of surveyed economists foresee a more substantial 50-basis point cut by 2024.
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