Pan Sheng Macro: The Federal Reserve will have to make a temporary assessment of the new fiscal policy outlook next month.

Financial analyst Samuel Thomas of Pantheon Macro said in a report that the Federal Reserve is ‘dragging its feet’ until the fiscal outlook becomes clearer. He said that as expected, the Fed lowered the Interest Rate by 25 basis points, with a statement that is almost a replica of the September statement. However, Thomas said that Fed officials will have to make a temporary assessment of the new fiscal policy outlook next month, when they release the quarterly economic forecast summary. Pantheon Macro expects the Fed to further cut interest rates by 25 basis points in December and hint at a further 100 basis point cut in 2025.