Researchers from the Federal Reserve Banks of New York and San Francisco say there’s a 9% chance the federal funds rate could drop to zero over the next seven years, citing high interest-rate uncertainty. This warning comes as the current benchmark lending rate is at an all-time high.
Source: https://www.bloomberg.com/news/articles/2025-07-07/fed-study-finds-9-chance-of-rates-hitting-zero-in-medium-term