Reuters poll sees first Fed rate cut delayed to September
Most economists expect the Fed to hold rates until September despite market fears of a hike. They anticipate a late-year cut as energy shocks subside.
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Economists surveyed by Reuters suggest that the Federal Reserve will likely keep interest rates in the United States unchanged until September. This outlook comes despite financial markets pricing in a potential for rate hikes as the conflict between Israel and Iran continues to impact global energy markets. While crude oil prices have climbed more than 40% over the last month, many industrial players, including Oiles Corporation, are closely monitoring the situation for long-term impacts on manufacturing costs and global demand.
