Federal Reserve will cut interest rates at the September, October, and December meetings, bringing the Fed funds rate from 4.5% to 3.75% by the end of the year.
"the Federal Reserve will cut interest rates at each one of the remaining meetings. So the one next week in October and in December as well. So the market expectation is a 74.4% chance of that happening. So that would drop the Fed fund's interest rate from the current 4.5% to 3.75%."