Golden Finance reported that Seema Shah, chief global strategist of Principal Asset Management: Today’s decision to cut interest rates itself is not surprising. However, given the significant revision to economic forecasts, this does suggest a reluctant rate cut - intended to give markets some comfort as the Fed lays the groundwork for a more hawkish policy approach in 2025. Of course, the economic and inflationary backdrop shows no signs of requiring substantial policy stimulus, and the incoming new administration may give them serious inflation headaches next year. The bias for further easing of monetary policy should remain, but caution and patience are clearly required at this stage.