TechFlow reported on November 22 that according to Jinshi Data, the latest economist survey showed that due to continued inflationary pressure and the potential impact of Trump's policies, the Fed's room for interest rate cuts in 2024 may be narrowed. The survey showed that the core PCE price index is expected to rise by 2.3% next year, an increase of 0.1 percentage point from last month's forecast.

Economists expect the federal funds rate to remain in the range of 3.25% to 3.5% in 2025, one less rate cut than expected a month ago. At the same time, the US GDP growth forecast for 2025 was raised to 2% from the previous 1.8%, and the probability of a recession remained at 25%, the lowest since March 2022.