Economists' Survey: Fed To Keep Interest Rates High Through 2026
U.S. central bankers won’t be ready to fully let up the brakes and give the U.S. economy more gas for more than two years.
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U.S. central bankers won’t be ready to fully let up the brakes and give the U.S. economy more gas for more than two years.
Rate cuts might not bring the relief consumers have been waiting for.
Employers are expected to add roughly 29,000 new positions each month on average between now and June 2024, while unemployment is expected to hit 4.5 percent.
Experts put the odds of a recession between now and July 2024 at 59 percent, showing a downturn is more likely than not.
Economists' average forecast for the Fed's peak interest rate is 5.6 percent, reflecting a target range of 5.5-5.75 percent, the highest since 2001.