ChainCatcher news, according to Jinshi report, the Federal Reserve's median forecast for interest rates in 2025 is only a cut of 50 basis points, but the Bank of Canada (BCA) expects more cuts. BCA analysts stated in a report that inflation is likely to be lower than the Federal Reserve's 2025 forecast, while the unemployment rate may be higher than the Federal Reserve's 2025 forecast.
They said: "Therefore, a loosening policy of more than 50 basis points will be needed." The Federal Reserve predicts an unemployment rate of 4.3% by the end of 2025, "which requires significant improvement in labor market momentum, and we believe this trend shift is unlikely to occur."