Well, that's some contrast to the call by Nomura here which forecasts the Fed to cut by just once in 2025. But I guess the wide range of differing views highlights the uncertain nature of the Fed outlook now that Trump is president. As for markets, traders are pricing in ~89 bps of rate cuts by June next year at least.
Fed to cut interest rates at a quarterly pace after December - JP Morgan
- The firm sees the Fed cutting rates until a terminal point of 3.50%
