PANews reported on November 8 that Nick Timiraos, a reporter for The Wall Street Journal and the "mouthpiece" of the Federal Reserve, 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 of the past two and a half years from dragging down the economy. Over a similar time frame, investors in the interest rate futures market have scaled back their expectations for how much the Fed will cut over the next year or so. They now see the Fed cutting rates to around 3.6% by 2026, compared with a 2.8% estimate in September, according to Citi. Officials are trying to bring rates back to a more normal level that neither stimulates nor slows growth, but they don't know what the normal rate is. So they are likely to be guided by how the economy performs in the months ahead. That means they will probably keep rates a bit above what they think is normal, or neutral."
