The Federal Reserve will be forced to hold interest rates at a high level for longer than markets and central bankers anticipate, according to academic economists polled by the FT-Chicago Booth poll. Two-thirds of those surveyed think the Fed will make two or fewer cuts this year. The timing of the first cut was split between July and September. This is later than expected in financial markets, where traders anticipate three cuts this year.
The Fed's current forecast also sees three cuts in 2024. The Chicago Booth survey suggests investors may need to rein in bets on easing from the Fed
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