Golden Finance reported that economists and financial market participants said that the Federal Reserve is likely to announce a 25 basis point interest rate cut in the early morning of the 19th, but perhaps more eye-catching is what signal the Federal Reserve will send regarding its monetary policy goals for 2025. Currently, economists at three major investment banks, Bank of America, Goldman Sachs and JPMorgan Chase, all predict that the Fed will cut interest rates by 25 basis points from 4.5%-4.75% to 4.25%-4.5%. That would take rates to their lowest levels since February 2023, a full percentage point down from the 5.25%-5.5% range from July to September 2023. However, despite the clear consensus, the Fed will also release quarterly economic forecasts. These include each central bank governor's expectations for interest rates in 2025. Economists at Bank of America, Goldman Sachs and JPMorgan Chase & Co. expect the median forecast to scale back to three 25-basis-point rate cuts next year from a previous forecast, with a target range of 3.5%-3.75% by the end of 2025. Regardless, it's clear that Americans will need to adjust to higher interest rates over an extended period of time, with rates likely to remain above 3% for an extended period of time, a threshold that was never reached between 2009 and 2021.