Hassett's Fed: Limited Rate Cuts Expected
Update: 2025-12-08
Description
Despite expectations of aggressive rate cuts under the next Federal Reserve chair, who is believed to be Kevin Hassett, a loyal supporter of the President, market trading suggests otherwise. Futures markets predict only three quarter-percentage-point rate cuts by the end of next year, with two likely before the current chair, Jerome Powell, leaves. This limited expectation for rate cuts is due to the new chair inheriting a job market that has weakened but with inflation persistently above the Feds target, and additional government spending and potential stimulus checks on the horizon.
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