Fed could cut rates by 25 bps in July, another 50 bps to follow in September: Moody’s

The agency anticipates a reduction in the Federal Funds rate by a cumulative 50-75 basis points in 2024, followed by an additional reduction of 100-125 basis points throughout 2025. According to the US Bureau of Labor Statistics, the headline Consumer Price Index (CPI) decreased by 0.1% in June.