Economists moved back their expectation for interest-rate cuts and now see the Federal Reserve holding rates steady into the middle of next year, according to a Bloomberg News survey.
The median estimate from 35 economists polled suggested policymakers will cut rates in June 2027, and again by December of 2027, lowering the target range of their benchmark to 3% to 3.25%. In a March survey, respondents saw rates bottoming at that same level, but anticipated the reductions this year.
Only three economists expected rate increases this year. That contrasts with investors, who are betting on tighter monetary policy by October, ...