ChainCatcher news, SEI Investment Company's CIO Jim Smigiel stated that the Federal Reserve may still cut interest rates, but the number of future rate cuts may be fewer than in the past.He said, "We believe that a rate cut is possible, but the facts indicate that we are closer to the end of the rate-cutting cycle than the beginning." While discussions about improving government efficiency and cutting costs are also on the agenda of incoming President Trump, the likelihood of rising inflation is much greater. "Essentially, the FOMC will be forced to cut rates again in December and then pause rate cuts in 2025 to avoid the appearance of a policy reversal shortly after a 50 basis point cut."