Survey: The Federal Reserve is unlikely to follow the call for a significant rate cut, nor is it likely to cut rates urgently

Most surveyed economists expect that the Federal Reserve will only cut interest rates by 25 basis points in September, contrary to the calls from some major Wall Street banks for a significant rate cut. Among the economists surveyed by foreign media, nearly four-fifths predict that the Federal Reserve will lower rates by 25 basis points at the September meeting, while most of the remaining economists forecast a larger rate cut. The median estimate indicates that the likelihood of an emergency rate adjustment before the September meeting is only 10%. Following last week's weaker-than-expected jobs report, major Wall Street banks such as JP Morgan and Citigroup now predict that the Federal Reserve will raise rates by 50 basis points next month. Futures investors believe that the Federal Reserve will cut rates by 100 basis points by the end of the year, starting with a 50 basis point cut next month. However, the consensus among economists is that the Federal Reserve will make 25 basis point adjustments at the September, November, and December meetings, as well as in the first quarter of next year