Fed is likely to lower rates only two more times this year: CNBC Fed survey

• CNBC Fed survey forecasts only two rate cuts in the current year and zero in 2027.
• The likelihood of a U.S. recession in the next 12 months has decreased from 30% to 23%.
• The 2026 economic outlook projects real GDP growth at 2.4%, CPI at 2.7%, and unemployment at 4.5%, indicating continued solid growth.

The CNBC Fed survey indicates that the Federal Reserve is likely to implement only two rate cuts this year, with none expected in 2027. The economic outlook for 2026 remains solid, with strong GDP growth, declining recession risk, and inflation nearing the Fed's target, suggesting a neutral rate environment.