Golden Finance reports that economists and financial market participants indicate that the Federal Reserve is very likely to announce a 25 basis point rate cut in the early hours of the 19th. However, perhaps more noteworthy is what signal the Federal Reserve will send regarding its monetary policy goals for 2025. Currently, economists from the three major investment banks—Bank of America, Goldman Sachs, and JPMorgan Chase—are predicting that the Fed will lower interest rates from the current 4.5%-4.75% by 25 basis points to 4.25%-4.5%. This would bring interest rates down to the lowest level since February 2023, a full percentage point lower than the 5.25%-5.5% range from July to September 2023. However, despite the market reaching a clear consensus on this, the Federal Reserve will also release quarterly economic forecasts, which include the expectations of each central bank president for interest rates in 2025. Economists from Bank of America, Goldman Sachs, and JPMorgan Chase expect the median forecast to be revised down from four anticipated rate cuts of 25 basis points next year to three, with an expected target range of 3.5%-3.75% by the end of 2025. Regardless, it is clear that Americans will need to adjust to higher interest rates over a longer period, with rates likely remaining above 3% for an extended duration, a level not reached from 2009 to 2021.