PGIM: The Fed expects to cut interest rates by about 150 basis points by the end of 2025

PGIM's chief economist for the United States, Bochelli, stated that due to the slowdown in cyclical recruitment over the past few months, the United States' attention has shifted from inflation to a relaxed labor market, allowing the Federal Reserve to begin lowering interest rates in September. It is expected that the Federal Reserve will announce a rate cut at tonight's meeting. There may be another rate cut in December's meeting, and the possibility of a rate cut in November cannot be ignored. It is expected that by the end of 2025, the Federal Reserve will have accumulated a cut of about 150 basis points.