The US Fed has reduced its rates by 25bp as expected.

https://sg-stock.blogspot.com/2024/12/us-fed-is-projected-to-ease-its-fed.html

The US Fed has reduced its rates by 25bp as expected but it also indicates only 2 further cuts in 2025 on its dot plot chart.

However, the Fed has upped its inflation forecasts in 2024 and 2025.