First Fed Rate Cut Expected by Economists in June Despite a recent uptick in inflation, the consensus among economists surveyed by Bloomberg is that the Federal Reserve will enact three rate cuts this year and another four in 2025. The expectation is for the Federal Open Market Committee to maintain the current rate between 5.25% and 5.5% in their next meeting, marking a fifth period of steadiness, with the initial reduction anticipated in June. A strong majority of these economists foresee at least three cuts in 2024, although over a third predict two or fewer. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts DataTrek: Silver Undervalued Relative to Gold, Cyclical Gains Expected READ MORE From Bust to Boom: Miners Seek Investor Redemption Amid Price Surge READ MORE Gold Climbs Back Above $2,000 as U.S. Retail Sales Falter READ MORE Oil Prices Spike as US Inflation Concerns Ease and Geopolitical Tensions Rise READ MORE Gold Prices Waver as Markets Await Inflation and Fed Signals READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment