SEI Investments CIO: The Fed may be nearing the end of its rate-cutting cycle

According to Jinshi Data, SEI Investment Company CIO Jim Smigiel said that the Federal Reserve may still cut interest rates, but the number of rate cuts in the future may be less than in the past. He believes that we are closer to the end of the rate cut cycle.

Smigiel noted that while Trump's agenda includes making government more efficient and cutting costs, higher inflation is more likely. He expects the FOMC to cut rates again in December and pause in 2025 to avoid the impression of a policy reversal.