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Fed rate cut pushed back to late 2026 on war-related inflation risks: Reuters poll
The U.S. Federal Reserve will wait at least six months before cutting interest rates this year, according to a Reuters poll of economists, as war-driven energy shocks reignite already-elevated inflation. The nearly two-month war in the Middle East has led to soaring fuel prices, eroding consumer confidence to a record low and wiping out market pricing for rate cuts. Even the Fed's most dovish policymakers now warn inflation remains uncomfortably high, underscoring a lack of urgency to move. Economists have again delayed the timing for an expected cut in the latest poll. Still, most forecasters have clung to the view ... (full story)
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