A recent Reuters survey reveals that a majority of economists expect the Federal Reserve to reduce the federal funds rate by 25 basis points in the next quarter, bringing it to a range of 3.25%-3.50%. Out of 96 economists surveyed, 63 predict this rate cut, marking an increase from 51 out of 101 in the previous month's survey. Additionally, 29 out of 37 economists believe the Fed is likely to maintain rates at current levels for a longer period than previously anticipated.