Economists See Fed Rate Cut Next Week, at Least One More in 2025
Jobseekers during a NYS Department Of Labor job fair at the Downtown Central Library in Buffalo, New York, US.
Photographer: Lauren Petracca/BloombergCracks in the job market will likely prompt the Federal Reserve to execute a series of interest-rate cuts in the coming months, beginning with a reduction next week, according to economists surveyed by Bloomberg News.
The median respondent sees two cuts by year’s end, but a sizable minority — more than 40% — anticipates three reductions. Of those anticipating two moves, economists were almost evenly split over whether a second cut would come in October or December.