According to a Bloomberg survey of economists, the Federal Reserve is expected to signal its intention to cut interest rates in September at its upcoming July 30-31 meeting.

While keeping rates unchanged at this meeting, the Fed is likely to use either its policy statement, Chair Powell’s press conference, or both to indicate the upcoming rate cut. This move is anticipated to initiate a series of quarterly rate reductions through 2025, reflecting the Fed’s growing confidence in inflation control and a balanced labor market.

However, some economists believe the Fed may wait until later, possibly at the Jackson Hole symposium in August, to solidify this message.