TechFlow news, on November 22, according to Jinshi Data, the latest economist survey shows that due to persistent inflationary pressures and the potential impact of Trump's policies, the Federal Reserve's room for rate cuts in 2024 may narrow. The survey indicates that the core PCE price index is expected to rise 2.3% next year, up 0.1 percentage point from last month's forecast.
Economists expect the federal funds rate to remain in the range of 3.25% to 3.5% in 2025, reflecting one fewer rate cut than expectations one month ago. At the same time, the projected GDP growth for the U.S. in 2025 has been revised upward from 1.8% to 2%, while the probability of a recession remains at 25%, the lowest since March 2022.
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