Golden Finance reports that AJ Bell Investment Director Russ Mould agrees with the market expectation of a 25 basis point interest rate cut at the Federal Reserve's upcoming meeting. However, the Federal Reserve's economic outlook may indicate only two rate cuts next year. The Federal Reserve will meet again next month, a little over a week after Trump's inauguration. Is the possibility of a rate cut in January completely ruled out? I wouldn't say so. The Federal Reserve is known for its 'data dependence' and is committed to its dual mandate of inflation and employment. However, behind Powell, the enormous federal deficit means $1 trillion in interest payments each year, which is putting pressure on U.S. economic growth. If interest expenses can be reduced by lowering rates, it would be beneficial for the U.S. and for the elected president Trump.