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2025-09-16 15:20:33
[Institution: The Federal Reserve is expected to cut its policy rate by a cumulative 75 basis points in 2025] Kaspar Hense of RBC BlueBay Asset Management said that the Federal Reserve is expected to cut interest rates by a cumulative 75 basis points this year. This expectation is largely consistent with the market view reflected in data from the London Stock Exchange Group. The senior fund manager said that a 25 basis point rate cut this week is "basically a done deal." He said: "We have also seen the most accommodative members of the Federal Open Market Committee (FOMC) hint at a 25 basis point rate cut." He also said that although there have been some signs of weakness in the labor market, overall growth is still not too weak. He said that the weakness in the labor market partly reflects the impact of restrictions on immigration.
