Bloomberg’s survey shows economists now expect the Federal Reserve’s next rate cut in June rather than March, while still projecting two 25-basis-point reductions by the end of the year.
A Bloomberg survey of 46 economists conducted from March 6 to 11 found that expectations for the Federal Reserve’s next interest-rate cut have shifted from March to June. Economists still expect two 25-basis-point cuts by year-end, and the median forecast puts the federal funds rate at 3% to 3.25% at the end of the year. This marks a notable timing update from earlier expectations of a next-quarter cut.