There will not be a big reduction in the federal funds rate in 2025 due to the Federal Reserve's concerns about inflation and the economy, and their stated independence from government influence.
"based off of what we know today it doesn't look like we're going to see a big reduction in the federal funds rate in 2025 because the Federal Reserve Bank is still concerned about inflation they're still concerned about the economy and they say that they're not going to be influenced by what the government or what Trump says because Trump says that the FED should start cutting interest rates but the Federal Reserve Bank says yeah we don't think we're going to be very aggressive with interest rate Cuts in 2025 that's what we know today so based off of that it doesn't look like we're going to see a huge cut in this federal funds rate"