[Citi Chief Economist: The Fed will cut interest rates by 25 basis points for the first time] Golden Finance reported that Steven Wieting, chief economist, chief investment strategist and interim chief investment officer of Citi Wealth Management, believes that the most likely outcome of the Fed's interest rate decision this week is a 25 basis point cut, but he stressed that no one knows exactly what the Fed will do. He said: "We expect a 25 basis point cut, but if Fed officials want to do it faster, we will also accept 50 basis points, and if they are willing to act quickly, they can also cut interest rates quickly." However, Steven Wieting pointed out that the Fed's history of rate cuts shows that when simply adjusting monetary policy to adapt to current economic conditions, the central bank will cut interest rates by 25 basis points; and when the economy is on the verge of recession, the Fed will usually make a larger rate cut. Steven Wieting pointed out that since he expects the Fed to cut interest rates by 200 basis points by mid-2025, a 25 or 50 basis point cut at this meeting will not change the rules of the game. He believes that the important thing is the timing.