Odaily News According to a Reuters poll, 74 of 116 economists predicted that the Fed would cut interest rates by 25 basis points for the first time in September, with only five predicting a rate cut in July, down from 11 in the May survey, and no one predicting a rate cut in June. "The Fed is in a good position in terms of how restrictive monetary policy is on the economy right now," said Oscar Munoz, chief U.S. macro strategist at TD Securities. 68 of the 116 respondents predicted two rate cuts this year, roughly the same as last month's survey. Inflation (especially the PCE price index) has remained high, and coupled with extremely low unemployment, the possibility of an early rate cut is small. The median forecast shows that inflation indicators such as CPI, core CPI, PCE and core PCE are not expected to reach 2% until at least 2026. The unemployment rate will remain tightly around the current 3.9% until at least 2027, indicating that the labor market will continue to be tight. (Jinshi)