40% of economists in WSJ survey see Fed cut in July

The latest survey from the Wall Street Journal

A monthly survey from the WSJ shows a shift towards rate cut expectations among economists. That fits in nicely with the Fed funds futures market pricing in a 81% chance of a cut in July and two-and-a-half cuts this year.

Economists almost always lag the market because of stubbornness and a desire to want clearer signals but the direction of change remains important.

Currently 40% of economists in the survey see a July cut while another 30% see a cut in September.

Here's the story.