The pace of the Fed's interest rate cut remains uncertain, with a view to drop to 3% to 3.5% next year

According to ChainCatcher, according to Kingshin, PGIM chief global economist Daleep Singh said in the report that the pace of the Fed's interest rate cut remains uncertain, although its target neutral policy interest rate level has been relatively clear. He expects the Fed to cut interest rates gradually at 25 basis points next year until interest rates drop to the expected 3% to 3.5% range. Singh pointed out that this gradual approach will leave time for the Fed to assess the impact of tariffs on inflation, labor supply, and fiscal policy effects.