A Fed Rate Cut Appears ImminentNot Everyone Thinks It’s the Right Time [Video]

The expert consensus that the Fed will lower its influential fed funds rate by September, or if not then, by the end of the year, is nearly overwhelming. Financial markets are pricing in a 100% chance of a Fed rate cut by September, according to the CME Group’s FedWatch tool, which forecasts rate movements based on fed funds futures trading data.

And in a July poll of prominent economists by The Wall Street Journal, only two of the 67 who answered a question about the fed funds rate said the Fed wouldn’t cut it by the end of 2024.

In the consensus view, the case for a rate cut has strengthened over the past few months as data on inflation and the job market…