[Capital Economics: Today's Fed interest rate decision is hawkish] Golden Finance reported that Capital Economics assessed that today's Fed interest rate decision is hawkish. "Taking all factors into account, we now expect the Fed to end this easing cycle earlier than before. We expect an additional 25 basis points of rate cuts at each meeting until May next year, with interest rates bottoming out between 3.50% and 3.75%, 50 basis points higher than our pre-election forecast.