Fed Seen Signaling September Rate Cut at Next Week’s Meeting

The Federal Reserve is likely to signal next week its plans to cut interest rates in September, according to economists surveyed by Bloomberg News, a move they say will kick off reductions each quarter through 2025.

Nearly three-quarters of respondents say the US central bank will use the July 30-31 gathering to set the stage for a quarter-point cut at the following meeting in September. They’re divided, however, about how policymakers will do so.

Half of respondents see officials signaling the upcoming move with both the policy statement and Fed Chair Jerome Powell’s press conference 30 minutes later, but ...