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Federal Reserve meeting minutes: About half of respondents expect another rate cut at the October meeting

Federal Reserve meeting minutes: About half of respondents expect another rate cut at the October meeting

金色财经金色财经2025/10/08 18:47
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Jinse Finance reported that the Federal Reserve meeting minutes indicated that recent policy rate expectations have declined due to weaker-than-expected employment data and a significant increase in downside risks to employment. Almost all respondents to the market expectation survey anticipated that this meeting would lower the target range for interest rates by 25 basis points, with about half of the respondents expecting another cut at the October meeting. The vast majority of respondents expected at least two 25 basis point rate cuts by the end of the year, with about half predicting three cuts for the entire year. Respondents' expectations for 2027 and beyond remained unchanged, indicating that their revisions to near-term expectations reflect a judgment that the federal funds rate will return to its long-term level faster than previously anticipated. Market-based policy rate expectations were generally consistent with the survey results, indicating about three 25 basis point rate cuts by the end of the year.

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