According to a recently conducted survey by The Wall Street Journal, more than 75% of 46 who took part see a rate cut as the Fed’s next move.
“That compares with roughly half who said in May they thought the next Fed rate adjustment would be a cut,” wrote WSJ’s Kate Davidson.
“Nearly 40% of the 46 economists anticipated the central bank would act in July, while roughly 30% expected a rate cut in September.”