S&P stated that it expects the FOMC's meeting this week to cut rates by 25 basis points and to adopt a cautious stance towards future easing policies. The revised economic forecast by the Federal Reserve predicts that by the end of next year, the federal funds rate will reach 3.5%-3.75%, higher than the previously expected 3%-3.25%. This adjustment reflects that economic growth is more resilient than previously understood, inflationary pressures remain excessive, and the preferences of the new government pose upward risks to inflation expectations.