The median view in the June 26 survey shifted from an early-June poll that had pointed to one rate cut, signaling a firmer outlook for U.S. policy rates.
The Federal Reserve is expected to keep the federal funds rate in a 3.50% to 3.75% range until the end of 2027, according to the median response in a Reuters poll released on June 26. That marks a shift from a survey conducted in early June, when respondents had expected one rate cut. The change in expectations points to a more restrictive path for U.S. monetary policy over a longer period.