Analysts predict the Fed could cut rates up to four times by 2025

According to ChainCatcher, LPL Financial chief economist Jeffrey Roach expects the Federal Reserve to skip a rate cut in December or January next year and then cut rate by up to four times by 2025.

Bank of America analysts expect a rate cut in December, but it is likely to be more modest due to resilient economic activity and stubborn inflation.

Markets are pricing in about a 45% chance the Fed will keep interest rates unchanged at its December meeting, compared with 24% a month ago, according to the CME FedWatch tool.