The post Fed Rate Cut Expected Next Week After Kevin Hassett’s Alert appeared first on Coinpedia Fintech News
Kevin Hassett has caught the market’s attention.
In a new Fox News interview, the White House economic adviser said the Federal Reserve is “likely” to cut interest rates at next week’s meeting. Coming from someone seen as the leading contender to become the next Fed Chair, his words carry extra weight.
Hassett expects a 25-basis-point cut, saying recent comments from Fed governors and regional presidents suggest momentum is shifting.
“They now seem much more like they’re leaning in the direction of a rate cut,” he said, adding that he hopes to “get to a much lower rate” over time.
Economists, Markets, and FedWatch Point to a December Cut
Next week’s meeting is the last of 2025, and expectations for a rate cut have surged.
A Reuters poll shows 82% of economists expect a 25-bps cut.
FedWatch now places the odds at 87.2%.
Senior officials inc
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