Why the Federal Reserve is Now Boxed into a Corner
The Federal Reserve will hold its interest rate steady at its September 15-16 meeting and for the rest of this year.
That was the conclusion of a Reuters poll released on Wednesday.
The story continued:
About 70% of economists, 65 of 93, in the September 4-9 Reuters poll expect the federal funds rate to remain in the 3.50%-3.75% range next week. That reading is down from 90% in August. The rest expect a quarter-percentage-point increase, which would be the first since July 2023.
