Federal Reserve Expected to Lower Interest Rates Amid Weak Labor Market

According to ChainCatcher, Mediolanum International Funds analyst Daniel Loughney anticipates that the Federal Reserve will reduce the federal funds target range by 25 basis points next week, driven by weak labor market statistics. He noted that recent rate cuts have been perceived as hawkish, but the weak labor market might prompt a more dovish response. The key focus will be on the dot plot and the FOMC's Summary of Economic Projections, where market participants will look for any shifts in the Federal Reserve's sentiment.