<p>Wells Fargo economists Sarah House and Michael Pugliese wrote in a report, &#34;The inflation data over the past few months has not shown more progress against inflation, and the election results have raised new questions about the outlook for rising prices. We believe the time for the FOMC to signal a slowdown in the pace of interest rate cuts is rapidly approaching, and perhaps starting in 2025, the pace of rate cuts will change to once every other meeting.&#34;</p>

<p>Wells Fargo economists Sarah House and Michael Pugliese pointed out in a report that recent inflation data has not shown significant improvement, and considering the impact of the U.S. election results on the outlook for rising prices, it is expected that the Federal Reserve will begin to cut interest rates once every other meeting starting in 2025</p>

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Wells Fargo

Wells Fargo: With doubts about inflation progress compounded by inflation risks from the U.S. elections, the Federal Reserve may cut interest rates once every other meeting next year

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