【Former Cleveland Fed Chair: The Number of Rate Cuts Next Year Will Decrease】Golden Finance reports that former Cleveland Fed Chair Mester stated that the pace of rate cuts by the Federal Reserve next year will be influenced by fiscal policy, and the number may not be as many as previously assumed or expected in September. Mester pointed out that the Fed's outlook will change with the fiscal plans of the incoming Republican administration, and the market may correctly predict fewer than the previously anticipated four rate cuts. "Next year, the pace of rate cuts will be influenced by fiscal policy," economists surveyed by Reuters also expect a 25 basis point cut at the December 2024 meeting. This would bring the federal funds rate down to 3% to 3.25% by the end of 2025, slightly below the Fed's median 'dot plot' forecast.