Reuters Survey: Majority of Economists Expect Fed to Cut Rates by 25 Basis Points Next Quarter

Odaily News Reuters survey: Among 96 surveyed economists, 63 (compared to 51 out of 101 in the February survey) indicated that the Federal Reserve will lower the federal funds rate by 25 basis points next quarter, bringing it down to the 3.25%-3.50% range. (Jin10)