Milan hints Fed may cut interest rates by 1.25 percentage points

According to ChainCatcher, according to Kingshin, the new Federal Reserve Director Milan hinted that the federal funds rate needs to be lowered by another 1.25 percentage points in the next two meetings. His statement signaled the market to how the Fed will function next year after Powell is replaced by Trump-appointed chairman. RSM chief economist Joe Brussels said it is recommended to be reserved for Wednesday's economic forecasts given the personnel changes in the Federal Reserve next year.