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 Rate Cut Speculation Dampens Gold Prices; Copper Struggles READ MORE Zimbabwe Announces Plans to Introduce Gold Backed Currency READ MORE ECB's Second Rate Reduction Signals Gradual Shift in Monetary Policy READ MORE Declining Confidence in Credit Card Repayment Among Americans READ MORE Understanding Recession Indicators: Is the US Economy at Risk? READ MORE Add a Comment Cancel replyYour email address will not be published.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