The Fed will be forced to keep rates at higher levels for a longer period than the markets expect.
According to a survey by the Financial Times and Chicago Booth, two-thirds of economists believe the central bank will make two or fewer interest rate cuts this year, with the first likely to come between July and September.
The Fed is expected to announce its monetary policy decisions on Wednesday at the end of its two-day meeting.
For analysts it is a given that there will be no reduction in the cost of money and the expectation is more on growth estimates and dot plots, the tables that indicate the Fed members' forecasts on the trend in rates.
The latest dot plots had indicated three cuts this year.
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