Economists: It is expected that the Federal Reserve will cut rates by another 75 basis points next year.
According to BlockBeats, on December 19, Kathy Bostjancic, chief economist of the United States Life Insurance Company, stated that the focus next year will be Trump. Based on our forecasts of potentially anti-inflationary trends (especially in the services sector), it is anticipated that the Federal Reserve will reduce interest rates by another 75 basis points next year.
"However, depending on the magnitude of the tariff increase and specific import targets, overall inflation may be higher than our benchmark forecast, which could lead to a smaller reduction than expected in Federal Reserve interest rates." (Gold Ten)
Source: BlockBeats