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Most Economists Think Fed Will Cut Interest Rates Twice in 2024, Poll Says

Fed interest rate illustration | Image by Dilok Klaisataporn/Shutterstock
Fed interest rate illustration | Image by Dilok Klaisataporn/Shutterstock

A new poll by Reuters indicates that a majority of economists think that the Federal Reserve will make two cuts to the benchmark interest rate this year, starting in September:

“While both federal funds futures contracts and economists see a very low chance of rates remaining unchanged through year-end, economists are now more convinced the Fed will wait until September than they were about a month ago.

“Nearly two-thirds of economists surveyed, 70 of 108, predicted the first reduction in the fed funds rate in September, to a 5.00%-5.25% range. Those results, from the May 7-13 poll, compared with just over half expecting a September cut when they were surveyed last month.”

To read the whole Reuters article about the survey, please click HERE.

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