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Fed seen rejecting calls for jumbo rate cut in economist survey
A large majority of economists surveyed see only a quarter-point decrease in interest rates coming in September — a finding that’s at odds with calls from some large Wall Street banks for a jumbo cut at the next meeting. Nearly four-fifths of economists surveyed by Bloomberg predict the U.S. Federal Reserve will trim rates to a range of five per cent to 5.25 per cent at its September 17-18 meeting, with most of the rest predicting a larger reduction. The median forecast shows just 10 per cent odds for a rare move to adjust rates prior to the scheduled gathering. Fed policymakers have pushed back on the need for ... (full story)
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- Posted: Aug 9, 2024 12:15pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,035
