Fitch: The Fed is expected to cut interest rates by 25 basis points at its November and December meetings

Fitch said it expects the Fed to cut interest rates by 25 basis points at each of its November and December meetings, and that the Fed's rate cuts are likely to remain moderate overall in this round of easing cycles. The U.S. job market is not expected to deteriorate significantly despite the Fed's rate cuts, with the U.S. federal funds target rate (upper limit) expected to fall to 4.5% by the end of this year, to 3.5% by the end of 2025, and to a neutral level of 3.0% in June 2026. (Jinshi)