Wells Fargo: Fed may cut rates every other meeting through 2025

Sarah House, senior economist at Wells Fargo, said, "As we move into 2025, we may see a slowdown in future rate cuts, with the Fed likely to cut rates once every other meeting." Her team expects the Fed to cut rates three times in 2025. Although policymakers disagree on the specific details, Wall Street economists generally believe that the Fed's current rapid pace of rate cuts will not continue. According to Bloomberg data, the market currently expects the Fed to cut interest rates about twice in 2025. The Fed will release an updated forecast on December 18. (Jinshi)