Jefferies Expects Fed to Cut Rates in November and December

Forex - Mohit Kumar from Jefferies expects the Fed to cut interest rates by 25 basis points on Thursday, and it is likely that Chairman Jerome Powell will keep the door open for a potential cut in December. Kumar stated that Powell will likely acknowledge the Fed's progress toward its inflation target. Jefferies anticipates the Fed to implement a rate cut in November, followed by another 25 basis points reduction in December, and a total of 100 basis points in rate cuts by 2025.