U.S. Federal Reserve likely to cut key interest rate in September, according to Reuters poll.
A Reuters poll reveals that the U.S. Federal Reserve will likely cut its key interest rate in September and once more this year, with a significant risk of just one or no cuts at all. Economists in Reuters surveys have been consistent in predicting two cuts, while market pricing has fluctuated. UBS strategists emphasize the high uncertainty surrounding the extent of Fed rate cuts in the current cycle.
June 05, 2024
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