A Reuters survey indicates that the Federal Reserve is expected to maintain its current interest rates for at least six months due to inflation pressures from recent energy shocks. Out of 103 economists surveyed between April 17 and 21, 56 anticipate the benchmark rate will stay between 3.50% and 3.75% through September. This marks a shift from the previous survey in late March, where nearly 70% expected at least one rate cut by then. Currently, 71 economists predict at least one rate cut this year, aligning with the Fed's dot plot projections, while nearly one-third now foresee rates remaining unchanged, doubling from the last survey.
Fed Unlikely to Cut Rates for Six Months Amid Inflation Concerns
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