[Reuters Survey: Due to War-Driven Inflation, the Federal Reserve Likely Won't Cut Rates Until Year-End] Jin10 Data, April 22 – According to a Reuters survey of economists, the energy shock caused by the war has further exacerbated already high inflation, leading the Federal Reserve to likely hold off on lowering interest rates for at least another six months. In a survey conducted from April 17 to 21, 56 out of 103 economists predicted that the Federal Reserve's benchmark interest rate would remain in the range of 3.50% to 3.75% through the end of September. In contrast, a late-March survey showed that nearly 70% of economists expected at least one rate cut by then. In an early March survey, most economists anticipated a rate cut by the end of June. In the latest survey, 71 economists still expect at least one rate cut this year, with the median forecast indicating only one cut, aligning with the Federal Reserve's dot plot projections released last month. Currently, nearly one-third of economists predict that interest rates will remain unchanged this year, a proportion nearly double that of the previous survey.