since 85% of the 40 surveyed agree that the Fed will reduce financing costs in response to fears that the U.S. labor market is weakening.

#FOMCWatch
The Fed will cut rates, despite doubts about the US economy

A FT-Chicago Booth survey reflects the existing concern among officials about the impact of the weak labor market and high prices on Americans.

The Federal Reserve is set to cut interest rates next week, despite deep divisions among its officials about the direction of the US economy, according to prominent academic economists.

The Federal Open Market Committee (FOMC), responsible for setting rates, will meet on Tuesday and the vast majority of investors expect the US central bank to reduce borrowing costs by a quarter of a percentage point for the third consecutive meeting.
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