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Black & White08 December 2025 The Week Ahead: US Fed likely to lean towards another cut; CBRT to ease rates
US: Dot plot and votes to show wide divergences within FOMC. We see the Fed lowering rates by 25 bps this week, taking the FFTR (upperbound) to 3.75% on a weakening labour market outlook. However, we expect the meeting to be a close call, with voting patterns and dot plots showing deep divergence within FOMC, as indicated by Fed speeches in the past month.
