Towards the next meeting, the Fed will look at labour market data, growth data, and inflation data to assess if policy is in the right place. Fed Chair Powell will speak on the US economic outlook on Tuesday. Markets see a strong probability of two more Fed rate cuts in 2025. Federal Reserve (Fed) Chairman Jerome Powell will deliver a speech on the economic outlook at the Greater Providence Chamber of Commerce 2025 Economic Outlook Luncheon on Tuesday at 16:35 GMT. Following the September policy meeting, the Fed decided to cut the policy rate by 25 basis-points (bps) to the range of 4%-4.25%, as widely anticipated.