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The new Fed Chair's debut is imminent, with 70% of economists expecting a rate cut.

MarsBitNews
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Mars Finance News: On June 9, according to a Reuters survey of 102 economists, the Federal Reserve is highly unlikely to adjust the benchmark interest rate during the remainder of 2026. A total of 72 people (about 70%) believe that the interest rate will remain in the current range of 3.50% to 3.75%. This proportion has risen noticeably compared with earlier—less than half last month, and about one-third previously. The survey was conducted from June 4 to June 9. All surveyed economists agree that there will be no rate cuts after the Federal Open Market Committee meeting on June 16 to 17, which will be the first meeting chaired by the newly appointed chair, Kevin Warsh. The survey also shows that many economists expect the Federal Reserve to abandon its previous dovish stance in this month’s policy statement. Most institutions have pushed back their expectations for rate cuts to 2027, or have completely removed such expectations, with only a few believing that the next move could be a rate hike.
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