Reported about 6 hours ago
A recent Reuters poll of 107 economists indicates that the Federal Reserve is expected to cut its key interest rate by 25 basis points on September 17 due to labor market softness overshadowing inflation risks, with many anticipating at least one more reduction by year-end. The majority of economists now foresee a total of three rate cuts this year, as stalling job growth and downward revisions in employment data prompt a reevaluation of forecasts, signaling a potential shift in monetary policy amidst concerns of inflation.
Source: YAHOO