“We look for the (Fed) to reduce the fed funds rate by 25 bps while simultaneously emphasizing that future rate cuts will be slower-going and data dependent,” said Sam Bullard, managing director and for Wells Fargo’s corporate and investment banking group.

While Wall Street is already pricing in a 25-basis-point cut from the Federal Reserve at its December meeting this week, what could be on the docket for interest rates in 2025? Yahoo Finance Fed reporter Jennifer Schonberger joins the Morning Brief team to discuss whether the central bank could stick to its four rate cuts planned for next year,

Federal Reserve officials are likely to slow the pace of rate cuts in 2025, which would keep borrowing rates higher for longer.