The U.S. Federal Reserve is likely to signal next week its plans to cut interest rates in September, according to economists surveyed by Bloomberg News, a move they say will kick off reductions each quarter through 2025.
The Marriner S. Eccles Federal Reserve building in Washington, DC, US, on Thursday, Dec. 28, 2023. The market's reaction to the Federal Reserve's pivot toward interest-rate cuts this month has boosted expectations that would-be public companies may accelerate their IPO timelines. Photographer: Valerie Plesch/Bloomberg --
The survey of 47 economists was conducted July 22-24, following President Joe Biden’s withdrawal from the presidential election. Nearly two-thirds of Fed watchers expect the Federal Open Market Committee to say in the post-meeting statement that officials have gained some additional confidence inflation is moving to its target — a step toward cutting.
Such a move would likely be spurred only if labor market conditions, now viewed as strong but less overheated, were seen deteriorating.
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