ab 14 August 2024 Global Research and Evidence Lab US Economic Perspectives Fed & US outlook update Updating our rate call to reflect FOMC risks reassessment We expect three 25 bp rate cuts this year, one at each of the September, November and December FOMC meetings. We expect this to be well signaled in the September FOMC meeting materials and the Summary of Economic Projections. We expect Chair Powell will lay out a case for an orderly withdrawal of monetary policy restrictiveness in a speech at Jackson H ...