According to Golden Finance, Steven Wieting, Chief Economist, Chief Investment Strategist and Interim Chief Investment Officer of Citigroup Wealth Management, believes that the most likely outcome of the Federal Reserve's interest rate decision this week is a 25 basis point cut, but emphasizes that no one knows for sure what the Fed will do. He said, "We expect a 25 basis point cut, but we would be fine with a 50 basis point cut if Fed officials want to move more quickly, and they can also cut quickly if they want to move swiftly." However, Steven Wieting pointed out that the Fed's history of interest rate cuts indicates that the central bank will cut rates by 25 basis points when it is merely adjusting monetary policy to suit current economic conditions, while during times when the economy is on the brink of recession, the Fed usually makes larger rate cuts.

Steven Wieting pointed out that since he expects the Fed to cut rates by 200 basis points by mid-2025, a 25 or 50 basis point cut at this meeting will not be a game changer. He believes that timing is the key.