Federal journalist Nick Timiraos: The Fed will slow the pace of interest rate cuts in 2025.

Nick Timiraos, a journalist at the American Wall Street Journal and one of the prominent journalists who consistently reports on discussions at the US Federal Reserve, stated that the Federal Open Market Committee will lower interest rates in today's meeting, but plans to take slower or more cautious steps in meetings next year.

The key points from Nick Timiraos's latest reports on his personal account on platform X are:

• The Federal Open Market Committee of the Federal Reserve is expected to lower interest rates by 25 basis points in today's meeting.
• Over the past year, members of the US Federal Reserve have gradually raised their estimates for the level at which interest rates will settle during the current easing cycle, and they may continue to do so through the economic projections report in December, which will be released alongside today’s interest statement.
• Some members of the Federal Reserve have begun to indicate that they will need to see more tangible evidence of improvement in inflation or deterioration in the labor market before continuing to reduce borrowing costs.