Fed Not Seen Cutting Rates Again Until June in Latest Survey

Economists now expect the Federal Reserve won’t cut interest rates until June, according to the latest Bloomberg monthly survey.

Just last month, economists had forecast the first rate cut of the year to come in March. But with inflationary pressures lingering and signs of stabilization in the labor market, the timeline has moved further out. Policymakers’ preferred inflation metric is projected to stay above their 2% target through at least the middle of next year.