CIBC: The Federal Reserve may cut interest rates at this meeting, and may not need to lower rates further afterwards

According to Jin Ten, Anjay Skiba, the head of U.S. fixed income at RBC Global Asset Management, stated that the Federal Reserve may cut interest rates at this meeting, but the momentum of the U.S. economy might mean that "no further rate cuts are necessary."

Skiba pointed out that the rate cut could be a hawkish one and may imply a subsequent pause in rate hikes. Market participants will closely monitor dissenting committee members, including those advocating for larger rate cuts.