According to Deep Tide TechFlow news on November 8, based on data from Jin Ten, the Federal Reserve 'mouthpiece', Wall Street Journal reporter Nick Timiraos commented on the Federal Reserve's interest rate decision for November: 'The Federal Reserve decided on Thursday to cut rates by 25 basis points, but released more uncertainty about the pace of future cuts. The Federal Reserve is still trying to prevent the significant rate hikes over the past two and a half years from dragging down the economy. Within a similar timeframe, investors in the interest rate futures market have continuously lowered their expectations for the magnitude of rate cuts over the next year or so.'
According to Citibank, they now believe that the Federal Reserve will lower interest rates to around 3.6% by 2026, compared to their previous estimate of 2.8% in September. Officials are trying to pull interest rates back to a more 'normal' or 'neutral' level, which neither stimulates nor slows economic growth, but they do not know what a normal interest rate is. Policies that promote economic activity or prices will also lead officials to conclude that they should maintain a moderately restrictive interest rate stance. This means they will keep interest rates slightly above normal or neutral levels.