Economists survey: Fed to cut rates in December, but pace of rate cuts next year remains a mystery

Golden Finance reported that a survey of economists by foreign media showed that 90% of respondents believed that the Fed would cut interest rates by 25 basis points on December 18th. Most people expect the Fed to pause rate cuts in late January next year due to concerns about inflation risks. However, the majority of economists (58 out of 99) predict that the Fed (which has already cut interest rates by a total of 75 basis points since September) will maintain the interest rate unchanged at the meeting on January 28th to 29th next year. At that time, Trump will return to the White House for more than a week. Apart from these two months, economists have no clear consensus on the Fed’s next move.