[Federal Reserve October Rate Cut Expectations Rise, Multiple Institutions Predict Another Cut in December] Multiple financial institutions unanimously predict that the Federal Reserve will cut interest rates by 25 basis points in October. Bank of America expects the Fed to make only one rate cut this year, while Citigroup, Wells Fargo, and JPMorgan Chase predict another 25 basis point rate cut in December following the October cut. Goldman Sachs states that the likelihood of a December rate cut is high and further predicts that the Federal Reserve will implement two rate cuts in 2026.