Financial Times: If Harris wins the election, the Fed may quickly cut interest rates next year
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The Financial Times team has recently updated its forecast on the outlook for US Federal Reserve interest rates, predicting that if Harris wins, the Fed may cut rates rapidly next year. The analysis suggests that after a 50-basis-point rate cut in September, the Fed may cut rates twice more by 25 basis points in 2024. The Fed will cut rates by a total of 100 basis points by the end of this year, lowering the federal funds rate to 4.25-4.5%. This is consistent with the Fed's September economic forecast summary. If Harris wins the US presidential election, the Fed will cut rates 3 more times by 25 basis points in the first half of 2025, lowering the policy rate to 3.5-3.75%. (Gold Ten)
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