Economists Forecast Federal Reserve Hold as Political Pressure Mounts

A Reuters poll shows 100 economists expect the Federal Reserve to maintain current rates through the first quarter of 2026. Economic growth remains strong.

Insights:
A recent poll of 100 economists conducted between January 16 and January 21, 2026, reveals a unanimous expectation that the Federal Reserve will maintain interest rates at 3.50%-3.75% during its upcoming meeting on January 27-28. This consensus marks a significant departure from previous sentiment in the United States USUS, with 58% of respondents now forecasting no rate changes through the first quarter of 2026. This represents a sharp reversal from last month’s poll, which indicated expectations for at least one rate reduction by March.
FILE PHOTO: View of the facade as construction continues on the Federal Reserve Board building in Washington, D.C., U.S., September 17, 2025. REUTERS/Ken Cedeno/File Photo
FILE PHOTO: View of the facade as construction continues on the Federal Reserve Board building in Washington, D.C., U.S., September 17, 2025. REUTERS/Ken Cedeno/File Photo
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