Fed to Cut Twice in 2025, Starting in September, Economists Say

The Federal Reserve will keep interest rates steady through the first half of the year, before delivering two reductions beginning in September, according to economists surveyed by Bloomberg News.

Fed officials have signaled they may be on hold for some time amid uncertainty around President Donald Trump’s economic policies, particularly on trade. Those policies — both proposed and implemented — also led most economists to dial back their forecasts for growth, while upping their projections for inflation, the survey showed.

Trump has threatened or implemented new tariffs on America’s largest trading partners, including China, Canada and ...