Investigation: About 80% of economists expect the Federal Reserve to only cut interest rates by 25 basis points in September.
According to the majority of economists surveyed by Bloomberg, the Federal Reserve is expected to only cut interest rates by 25 basis points in September. This is in contrast to the calls from some major Wall Street banks that the next meeting will see a significant rate cut. Nearly four-fifths of the survey participants expect the Federal Reserve to lower the interest rate to a range of 5% to 5.25% at the September 17-18 meeting, while most other economists expect a larger rate cut. The median forecast of economists also shows that the probability of the Federal Reserve making a rare adjustment to interest rates before the scheduled meeting is only 10%.
The consensus among economists is that the Federal Reserve will choose to cut interest rates by 25 basis points at the meetings in September, November, and December of this year, as well as the first quarter of 2025. It is reported that these 51 economists were surveyed from August 6 to 8, when global markets were in a selling frenzy.
