Pansen Macro: The Federal Reserve is expected to further cut interest rates by 25 basis points in December

Samuel Thomas, an analyst at Panson Macro, said in a report that the Fed is "delaying" until the fiscal outlook is clearer. He said the Fed cut interest rates by 25 basis points as expected, and the statement was almost a "repeat" of the September statement. Still, Fed officials will have to make an interim assessment of the new fiscal policy outlook next month when they release a summary of their quarterly economic forecasts. Panson Macro expects the Fed to cut interest rates by another 25 basis points in December and hint at a further 100 basis point cut in 2025. (Jinshi)