Most Economists Expect Aggressive Rate Cuts from the Fed This Year
Publication Time:2024-08-19 21:02:06
According to the latest report by Reuters, out of 101 global economists surveyed, 55 believe that the Federal Reserve will adopt more aggressive measures to cut interest rates in 2023, reducing the federal funds rate by 75 basis points. This prediction represents an increase from the 50 basis points expected in July, reflecting heightened concerns about the current economic situation. Additionally, economists predict that the US average economic growth for 2024 and 2025 will be 2.5% and 1.8% respectively, indicating a moderate optimistic outlook for future economic growth.
Federal Reserve
Federal Funds Rate
Rate Cuts
Economist Predictions