“We look for the (Fed) to reduce the fed funds rate by 25 bps while simultaneously emphasizing that future rate cuts will be slower-going and data dependent,” said Sam Bullard, managing director and for Wells Fargo’s corporate and investment banking group.

Borrowing rates remain high going into 2025, and experts say this could be the last rate cut for a while. Financial markets are betting that the central bank will slow the pace of

Federal Reserve policymaking will be in the spotlight this week, with the U.S. central bank wrapping up its final meeting of the year. The FOMC already cut rates twice since it made a highly anticipated U-turn in September,