[Capital Economics: The Fed will cut interest rates by nearly two percentage points from now on] Golden Finance reported that Paul Ashworth, an analyst at Capital Economics, said in a report that the Fed may continue to cut interest rates by 25 basis points until the federal funds target rate falls to the range of 3%-3.25%. According to data from CME, this will be higher than the market's general expectation that the terminal interest rate will reach 3.25%-3.5% or higher. Ashworth expects the Fed to cut interest rates by 25 basis points in November, which is also the highest voice in market expectations, but the probability of keeping interest rates unchanged in November has risen from 15% yesterday to 22%.