Odaily News The Federal Reserve will keep interest rates unchanged on January 29 and will cut rates again in March, according to a Reuters poll. Policymakers are digesting a raft of new economic policies expected to come out of Washington. The poll also showed that lingering inflationary pressures may only allow the Fed to cut rates once more. Concerns about Trump's promises, from sweeping tariffs and extended tax cuts to deporting illegal immigrants, have already caused Treasury yields to rise sharply before he took office. The already strong economic outlook and the Fed's future interest rate path will depend on the extent to which the new administration delivers on those promises. All 103 economists surveyed expect the FOMC to keep the key rate at 4.25%-4.50% at its January 28-29 meeting, and nearly 60% expect the Fed to cut rates in March. 65 of the 102 economists expect two or fewer rate cuts this year. The poll also showed that the federal funds rate will be between 3.75% and 4.00% by the end of 2025, much higher than the 3.00%-3.25% forecast a few months ago. (Golden Ten)
