The Federal Reserve's median forecast for the 2025 interest rate is only a 50 basis point cut, but the Canadian Business Economics Association (BCA) expects more rate cuts. BCA analysts stated in a report that inflation is likely to be lower than the Federal Reserve's 2025 forecast, while the unemployment rate may be higher than the Federal Reserve's 2025 forecast. They said, "Therefore, a loosening of more than 50 basis points will be needed." The Federal Reserve forecasts the unemployment rate to be 4.3% by the end of 2025, "which requires a significant improvement in job market momentum, and we believe this trend reversal is unlikely to occur."
加拿大商业经济协会：美联储明年将需要超过50个基点的降息
The Canadian Business Economics Association: The Federal Reserve will need to cut interest rates by more than 50 basis points next year.
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