Economists expect the Federal Reserve to cut interest rates in December, with two more rate cuts possible in 2026.

According to a report by Jinse Finance, economists surveyed predict that Federal Reserve officials will vote next week to cut interest rates again in order to guard against the rising risk of a sharp deterioration in the labor market. The median of respondents expects the Federal Reserve to implement two more 25-basis-point rate cuts in 2026, starting from March. Next week's rate cut will continue the momentum from the two policy meetings in September and October. A considerable majority also expect Federal Reserve officials to once again reiterate the statement that "downside risks to employment have increased in recent months," just as they did in October. The Federal Reserve will announce its decision at 2:00 p.m. Washington time on December 10, followed by a press conference held by Chairman Jerome Powell.