Oddbean

Fed to cut rates in September, say nearly two-thirds of economists ========== Nearly two-thirds of economists surveyed predict that the U.S. Federal Reserve will cut its key interest rate in September, according to a Reuters poll. The economists raised their inflation forecasts for a second consecutive month, indicating that the Fed will cut rates twice this year. However, some economists have doubts about whether the Fed will move at all this year due to insufficient progress in bringing down inflation. The majority of economists surveyed also predict two quarter-point cuts this year, with a smaller number expecting more than two rate reductions. The U.S. economy is forecast to expand 2.4% this year, faster than the non-inflationary growth rate of 1.8%. #FederalReserve #InterestRates #Economists #Inflation #EconomicGrowth https://www.kitco.com/news/off-the-wire/2024-05-13/fed-cut-rates-september-say-nearly-two-thirds-economists