Carlyle Group expects the Federal Reserve to cut interest rates three times before the end of the year, then pause to assess the impact. The private equity firm said it still sees signs of a "vibrant" economy. The firm's CEO, Schwarz, said monetary policy has already done its job in curbing inflation and that after the expected rate cuts in 2024, the Fed may only need to cut rates once more next year. Schwarz said trading activity in the U.S. has already started to improve and should continue to rise unless there are unforeseen market disruptions. Carlyle's deployment and realization of capital increased in the first half of the year, though both remain well below peak levels. (Golden Ten)