Survey: Economists Split On When Fed Could Cut Rates This Year
The majority of experts (93 percent) surveyed for Bankrate’s latest Economic Indicator poll say the Fed will cut rates in 2024.
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The majority of experts (93 percent) surveyed for Bankrate’s latest Economic Indicator poll say the Fed will cut rates in 2024.
Experts have now upgraded their forecasts for the labor market for three consecutive quarters, though they continue to expect a hiring slowdown.
Maryland has the lowest estimated NSA construction unemployment rates of September 2023 at 0.4%.
Bankrate’s latest poll matched the Fed’s own outlook, with officials in September showing they don’t expect to cut rates until at least 2024.
Those probabilities are still close to a coin flip, but they’re down from an average forecast of 59 percent just last quarter.