Economists expect the Federal Reserve to lower interest rates next week, and at least once more in the year #2025.

The economists surveyed anticipate that labor market gaps will likely push the Federal Reserve to implement a series of interest rate cuts in the coming months, starting next week.

The average forecast indicates two interest rate cuts by the end of the year, but a large majority (more than 40%) expect three cuts.

Among those expecting two cuts, there is a nearly even split on whether the second cut will come in October or December.