However, Jerome Powell has iterated many times in his Q&A that they are not on a preset course, and will review data by data in 2025. Their perspective today is not decided but rather a forecast.
Market makers and investors are speculating the lesser rate cuts projection as definitive. That is speculative and fearmongering. Currently, speculations on inflation are stirring up in the market causing everyone to overreact.
This isn’t the first time that the Fed Reserve are more hawisk than needed especially towards the end of year to lower expectations.