On Friday, September 12, 2025, a Reuters survey conducted in the United States revealed that 105 out of 108 economists expect the Federal Reserve to initiate interest rate cuts starting next Wednesday, September 17, 2025, in Washington, D.C. The survey indicates that the Fed is likely to reduce rates by 25 basis points, with two additional cuts projected later this year, totaling three rate reductions in 2025.

The economists cited weakening labor market data and a sharp decline in inflation as key reasons compelling the Federal Reserve to ease monetary policy to support economic growth. Michael Gapen, chief U.S. economist at Morgan Stanley, stated, "The Fed now has four months of evidence of a slowdown in labor demand that appears more persistent in nature … In short, ignore where inflation is today and ease policy to support the labor market. We think a 25 bp rate cut in September is more likely than a larger cut."

The anticipated rate cuts are expected to lower the federal funds rate to a range between 4.00% and 4.25% starting next week. This monetary easing aims to alleviate pressures on the U.S. economy, which has shown signs of slowing growth and labor market fragility.

Market analysts note that such interest rate cuts typically weaken the U.S. dollar, potentially triggering capital outflows as investors seek higher returns in alternative assets. This scenario could benefit safe-haven assets such as gold and Bitcoin, with some forecasts suggesting gold prices could reach between $3,700 and $4,000, and Bitcoin could surge to $150,000.

The Federal Reserve's decision to cut rates comes amid mixed economic signals, including steady inflation rates and rising jobless claims, which have raised concerns about the sustainability of the labor market recovery. Investors and policymakers will closely monitor upcoming economic data and Fed communications for further guidance on monetary policy direction.