US Fed to cut rates in September and once more this year, say most economists: Reuters poll

By Indradip Ghosh

BENGALURU (Reuters) -A Federal Reserve interest rate cut in September, the first this year, followed perhaps by another before year-end remains the base forecast for most economists polled by Reuters amid rising concerns about the health of the world’s biggest economy.

U.S. inflation is rising again, with more upward pressure expected from President Donald Trump’s tariffs, and there have been big downward revisions to hiring figures over recent months that suggest the job market is weakening.

Trump has berated Fed Chair Jerome Powell over his reluctance to cut rates. And at the July meeting there was clear divergence from the steady rates position among a minority of Federal Open Market Committee members.

Alongside simmering doubts over the Fed’s independence from pol