According to Golden Finance, Brian Martin, Head of G3 Economics at ANZ, expects the Federal Reserve to cut interest rates by 200 basis points in the upcoming easing cycle, amidst widespread expectations that the Fed will lower rates at its policy meeting next week. He said the potential financial and economic conditions in the US do not suggest that the easing cycle will begin more aggressively. However, he added that an accelerated pace of easing would be justified if there is a material deterioration in labor market conditions. ANZ expects the FOMC dot plot projections for 2024 and 2025 to shift lower as policymakers anticipate needing to cut rates more in those years.