Odaily Planet Daily News Macquarie Group economists expect that thanks to the recent decline in inflation, the Federal Reserve will begin to ease monetary policy from December - not the first quarter of 2025. "Breadth indicators show clear improvement, which is conducive to lower inflation," economist David Doyle wrote on Tuesday about the May CPI report. "This improvement, coupled with more mixed signals in the labor market, prompts us to bring forward the base case forecast for the FOMC to ease policy." Macquarie currently expects a 25 basis point rate cut in the fourth quarter, to be precise in December; previously expected in the first quarter of 2025. (Financial World)