Financial Times: If Harris wins the election, the Fed may quickly cut interest rates next year

The Financial Times team recently updated its forecast for the Fed's interest rate outlook, predicting that if Harris wins the election, the Fed may quickly cut interest rates next year. According to the analysis, after the 50 basis point rate cut in September, the Fed may cut interest rates twice more in 2024 at a pace of 25 basis points. The Fed will cut interest rates by a total of 100 basis points by the end of this year, bringing the fund rate to 4.25-4.5%. This is consistent with the Fed's September economic forecast summary. If Harris wins the US presidential election, the Fed will cut interest rates three more times in the first half of 2025, each time by 25 basis points, to reduce the policy rate to 3.5-3.75%. (Jinshi)