TechFlow News, November 8 — According to Jinshi Data, Nick Timiraos, the "mouthpiece" of the Federal Reserve and a Wall Street Journal reporter, commented on the Fed's November interest rate decision: "The Fed decided on Thursday to cut rates by 25 basis points but signaled greater uncertainty about the pace of further easing, as it continues striving to prevent the aggressive rate hikes from the past two and a half years from weighing down the economy. Over a similar timeframe, investors in the rate futures market have steadily lowered their expectations for the extent of rate cuts over the next year or so."
"Citi now expects the Fed to lower rates to around 3.6% by 2026, down from its previous forecast in September of 2.8%. Officials are trying to bring interest rates back toward a more 'normal' or 'neutral' level—one that neither stimulates nor slows economic growth—but they remain uncertain about what constitutes a normal rate. Policies that support economic activity or price stability also lead officials to conclude they should maintain a moderately restrictive stance, meaning rates will be held slightly above normal or neutral levels."
