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Story summary
- Reuters poll of 103 economists finds the Fed will keep its rate at 3.50%-3.75% through September 2026.
- Seventy-one economists expect one cut before year-end, though nearly a third forecast no cuts in 2026.
- PCE inflation expectations rise to 3.7% in Q2, 3.4% in Q3 and 3.2% in Q4.
- President Donald Trump expects nominee Kevin Warsh to lower rates, though Warsh denied promise.
- Economists said the testimony did not change their outlook.
