Question

Read each sentence to find out whether there is any grammatical error in it. The error, if any, will be in one part of the sentence. Mark the part with the error as your answer. If there is no error, mark ‘No error’ as your answer (Ignore the errors of punctuation, if any).
Eight of the 19 Fed officials said (1)/ they see only one or zero rate (2)/ reduction this year, up (3)/ from just four in December (4)/ no error (5)

Q: Answer-Read each sentence to find out whether there is any grammatical error in it. The error, if any, will...

The word rate should be in its plural form reductions because the sentence is talking about multiple potential reductions, even though only one or zero might happen. The use of one or zero suggests that the concept of reductions should be plural. Eight of the 19 Fed officials said they see only one or zero rate reductions this year, up from just four in December.