Canadian Business Economics Association: The Federal Reserve needs to cut interest rates by more than 50 basis points next year

Odaily Planet Daily News: The median forecast of the Federal Reserve for interest rates in 2025 is only a 50 basis point cut, but the Canadian Business and Economics Association (BCA) expects more cuts. BCA analysts stated in a report that inflation is likely to be lower than the Federal Reserve's 2025 forecast, while the unemployment rate may be higher than the Fed's 2025 forecast. They said, "Therefore, more than 50 basis points of loose policy will be needed." The Federal Reserve predicts that the unemployment rate will be 4.3% by the end of 2025, "which requires a significant improvement in the development momentum of the labor market, and we believe that this trend shift is unlikely to occur