The pace of the Federal Reserve's interest rate cuts remains uncertain, with expectations of a decrease to 3% to 3.5% next year

ChainCatcher news, according to Jinshi reports, PGIM Chief Global Economist Daleep Singh stated in a report that there is still uncertainty regarding the pace of the Federal Reserve's interest rate cuts, although its target neutral policy rate level has become relatively clear. He expects that the Federal Reserve may gradually cut rates by 25 basis points next year until the rate reaches the expected range of 3% to 3.5%. Singh pointed out that this gradual approach will give the Federal Reserve time to assess the impact of tariffs on inflation, labor supply, and the effectiveness of fiscal policy.