Discover the latest insights from economists in the Reuters poll, indicating a stronger consensus that the U.S. Federal Reserve will cut its key interest rate in June. While awaiting further data to confirm inflation trends, economists foresee a potential shift in Fed policymakers' rate projections at the March meeting, signaling fewer cuts for the year ahead. Despite Fed Chair Jerome Powell's indication of potential policy easing this year, persistent inflation and a resilient labor market may delay an early rate cut. Market sentiment has aligned with Fed officials' comments, with rate futures now pricing in the first rate reduction in June, contrasting previous expectations for March or May cuts.