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

Odaily Planet Daily News: LPL Financial Chief Economist Jeffrey Roach predicts that the Federal Reserve will skip one rate cut in December or January next year, and then make up to four rate cuts within 2025. Bank of America analysts expect a rate cut in December, but they add that "given the resilience of economic activity and stubborn inflation, the rate cut seems to lean towards a more moderate magnitude According to data from the CME FedWatch tool, the market expects a 45% chance that the Federal Reserve will keep interest rates unchanged at the upcoming December meeting. A month ago, the probability was 24%. (Golden Ten)