S&P forecasts two 25-basis-point interest rate cuts by the U.S. Federal Reserve before the end of 2025, followed by a 50-basis-point reduction in 2026.
S&P projects that the U.S. Federal Reserve will implement two 25-basis-point interest rate cuts before the end of 2025, followed by an additional 50-basis-point cut in 2026. This reflects expectations of a shift toward easier monetary policy in the coming years.