In late-September reports, strategists at J.P. Morgan and Fitch Ratings had predicted two additional interest rate trims by the end of 2024 and expect such reductions to continue into 2025.
The CME Group's FedWatch tool puts the probability of a 25-basis-point cut at this week's November meeting at 98%.
The current probability of the benchmark rate being taken down by another 25 basis points at the December meeting is 78%.
"The end of financial repression, of zero interest rates and zero inflation, that era is over.
Interest rates will be higher, will be challenged around the world.
Persons:
Brendan McDermid, Saudi Arabia —, aren't, Morgan, CNBC's Sara Eisen —, Goldman Sachs, Carlyle, Morgan Stanley, Jenny Johnson, Franklin Templeton, Larry Fink, " Fink, David Solomon, Ted Pick, Pick, Francis Fukuyama
Organizations:
New York Stock Exchange, Reuters, Wall, Federal Reserve, Fed, Fitch, Saudi, Future Investment Initiative, Standard Chartered, CNBC, U.S . Bureau of Labor Statistics
Locations:
Reuters RIYADH, Saudi Arabia, U.S, BlackRock