Economists: The Federal Reserve may skip a rate cut in December or January next year

ChainCatcher news, according to Jinshi reports, LPL Financial Chief Economist Jeffrey Roach expects the Federal Reserve to skip a rate cut in December or January next year, followed by up to four rate cuts within 2025. Analysts at Bank of America expect a rate cut in December, but they add that "given the resilience of economic activity and stubborn inflation, the magnitude of the rate cut seems to lean towards being more moderate."

According to data from the CME FedWatch tool, the market expects about a 45% chance that the Federal Reserve will keep interest rates unchanged at the upcoming December meeting. A month ago, this probability was 24%.