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MNI INTERVIEW: Three Fed Cuts Before Mid-2025 Pause - Giannoni

MNI speaks with former Dallas Fed research director on the economic outlook.

MNI (WASHINGTON) - The Federal Reserve will alternate between interest-rate cuts and skips through June 2025 before a year-long pause as fresh tariffs and slower labor supply growth renew inflation pressures, former Dallas Fed research director Marc Giannoni told MNI.

He expects a cut at the December FOMC meeting and again in March and June. That will be followed by a pause for a year and then two more reductions in late 2026 taking the fed funds rate to a range of 3.25% to 3.5%. 

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MNI (WASHINGTON) - The Federal Reserve will alternate between interest-rate cuts and skips through June 2025 before a year-long pause as fresh tariffs and slower labor supply growth renew inflation pressures, former Dallas Fed research director Marc Giannoni told MNI.

He expects a cut at the December FOMC meeting and again in March and June. That will be followed by a pause for a year and then two more reductions in late 2026 taking the fed funds rate to a range of 3.25% to 3.5%. 

Keep reading...Show less