The Federal Reserve is expected to cut interest rates two more times this year, with the rate path for 2026 remaining uncertain.

According to ChainCatcher, citing Golden Ten Data, a Reuters survey conducted among economists from October 15 to 21 shows that the Federal Reserve is expected to cut interest rates by 25 basis points each in the coming week and in December, bringing rates down to 3.75% - 4%. Out of 117 economists, 115 predict another rate cut on October 29, while two expect a 25 basis point cut in October and a 50 basis point cut in December. The proportion of economists expecting another rate cut in December has dropped to 71%. Financial market traders are even more certain, as interest rate futures contracts have fully priced in two more rate cuts this year.