Is the tightening cycle coming to an end this year? Dovish voices are gradually rising on Wall Street: the Federal Reserve will shift to rate cuts next year!

According to PantheonMacroeconomics forecasts, the Federal Open Market Committee (FOMC) will shift to substantially accommodative policy next year, cutting the federal funds rate from the current target range of 3.75%-4.00% to 3.125% by year-end.