ChainCatcher news, according to Jinshi data, the Federal Reserve's 'mouthpiece', Wall Street Journal reporter Nick Timiraos commented on the Federal Reserve's interest rate decision in November: 'The Federal Reserve decided to cut interest rates by 25 basis points on Thursday, but released more uncertainty about the pace of further cuts. The Federal Reserve is still trying to prevent the sharp 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 Federal Reserve's 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 estimate of 2.8% in September. Officials are trying to bring rates back to a more 'normal' or 'neutral' level, which neither stimulates economic growth nor slows it down, 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 rates slightly above normal or neutral levels.'