Investigation: About 80% of economists expect the Federal Reserve to only cut interest rates by 25 basis points in September.

Odaily Odaily News According to the vast majority of economists surveyed by Bloomberg, the Federal Reserve expects only a 25 basis point rate cut in September. This is contrary to the calls of some large Wall Street banks that the next meeting will see a significant rate cut. Nearly four-fifths of survey participants expect the Fed to cut interest rates to a range of 5% to 5.25% at its meeting on September 17-18, and most of the remaining economists expect a larger rate cut. The median forecast of economists also shows that the Fed has only a 10% chance of a rare interest rate adjustment before the scheduled meeting. The consensus among economists is that the Fed will choose to cut interest rates by 25 basis points at its meetings in September, November and December this year and in the first quarter of 2025. It is reported that the 51 economists were surveyed from August 6 to 8, when global markets were in the midst of a sell-off. (Jinshi)