Bowman: The Federal Reserve is expected to cut rates two more times this year

According to ChainCatcher, citing Golden Ten Data, Federal Reserve Governor Bowman stated on Tuesday that she still expects the Fed to continue cutting interest rates at the last two monetary policy meetings in 2025. "I still believe there will be two more rate cuts before the end of this year," Bowman said. As long as the labor market and other economic data develop as expected, the Fed will continue to lower the federal funds rate. She voted against keeping rates unchanged at the July meeting and supported a rate cut in last month's decision.