{"id":25690,"date":"2024-07-24T10:00:35","date_gmt":"2024-07-24T07:00:35","guid":{"rendered":"https:\/\/coinengineer.io\/?p=25690"},"modified":"2024-07-24T09:41:32","modified_gmt":"2024-07-24T06:41:32","slug":"experts-expect-two-rate-cuts-from-the-fed-in-2024-reuters-survey","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/experts-expect-two-rate-cuts-from-the-fed-in-2024-reuters-survey\/","title":{"rendered":"Experts Expect Two Rate Cuts from the Fed in 2024: Reuters Survey"},"content":{"rendered":"<p>While the entire financial world was wondering whether the US Federal Reserve (Fed) would start reducing interest rates in September, the reports of market experts from the famous news agency Reuters were received. According to the survey, the general opinion is that the reduction will be 50 basis points in total, from 25 basis points each, in September and December in 2024.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/experts-expect-two-rate-cuts-from-the-fed-in-2024-reuters-survey\/#Reuters_Fed_Rate_Survey_Reading\" title=\"Reuters&#8217; Fed Rate Survey Reading\">Reuters&#8217; Fed Rate Survey Reading<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/experts-expect-two-rate-cuts-from-the-fed-in-2024-reuters-survey\/#What_Do_Experts_Think_About_the_Fed_Interest_Rate_Cut\" title=\"What Do Experts Think About the Fed Interest Rate Cut?\">What Do Experts Think About the Fed Interest Rate Cut?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Reuters_Fed_Rate_Survey_Reading\"><\/span>Reuters&#8217; Fed Rate Survey Reading<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Fed, which started to increase interest rates due to seriously overheating inflation in March 2022, maintained the period of more than 2 letters and started discounts, despite the huge demands of the market. They had predicted 6 to 8 interest rate cuts at the beginning of 2024, but in the face of inflation not falling, they sometimes reduced this number to 2 and sometimes to 0.<\/p>\n<p><em>You might be interested: <a href=\"https:\/\/coinengineer.net\/blog\/overview-following-ethereum-etf-approval\/\">Overview Following Ethereum ETF Approval<\/a><\/em><\/p>\n<p>According to the latest survey of economists by Reuters, one of the world&#8217;s largest news agencies, the number of interest rate cuts expected in the second half of 2024 stands out as 2.<\/p>\n<p>The release of pressure on prices, a weakening of the labor force, and a decline in inflation to 3% offer FOMC members \u201cmore confidence\u201d in interest rate cuts. In fact, expectations were for an interest rate cut to come in May, or between November or December at the earliest, but the rapid decline in CPI gave the green light for September.<\/p>\n<p>The majority of economists surveyed by Reuters stated that they expected two interest rate cuts this year. All 100 economists who participated in the survey stated that they did not expect a reduction (or increase) from the interest rate decision on July 31. The 82 survey expects a 25 basis point interest rate cut in September. 15 people stated that they are saving the earliest interest rate cut for November or December. A very small group of 3 people do not expect the Fed to cut interest rates this year.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_Do_Experts_Think_About_the_Fed_Interest_Rate_Cut\"><\/span>What Do Experts Think About the Fed Interest Rate Cut?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Jonathan Pingle, chief economist of the US branch of UBS bank, said that he expected interest rate cuts in both September and December and that it was working:<\/p>\n<p>\u201cUnless there is an expected increase in inflation figures, we expect two interest rate cuts of 25 basis points each, in September and December. \u201cIf more interest rate cuts come, this will require data from a labor market that is as bad as expected.\u201d It was noted that the rate of two interest rate cuts, which was seen as 60% in the Reuters survey in June, was 75% in this survey. PCE, or personal consumption expenditures data, to be announced on Friday, will also give an important idea about the course of inflation.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>While the entire financial world was wondering whether the US Federal Reserve (Fed) would start reducing interest rates in September, the reports of market experts from the famous news agency Reuters were received. According to the survey, the general opinion is that the reduction will be 50 basis points in total, from 25 basis points<\/p>\n","protected":false},"author":6,"featured_media":13514,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[640,7578,5337],"class_list":["post-25690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-fed","tag-fed-rate","tag-fed-rate-cut"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Experts Expect Two Rate Cuts from the Fed in 2024: Reuters Survey - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/experts-expect-two-rate-cuts-from-the-fed-in-2024-reuters-survey\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Experts Expect Two Rate Cuts from the Fed in 2024: Reuters Survey - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"While the entire financial world was wondering whether the US Federal Reserve (Fed) would start reducing interest rates in September, the reports of market experts from the famous news agency Reuters were received. 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