Here’s a likely path the Fed might follow, based on recent examples and forecasts:
More cuts may follow, probably smaller ones, e.g. another 25‑bp at upcoming meetings if economic data weakens further.
Pace of cuts will be data‑dependent: if inflation isn’t dropping fast enough, they will slow the pace. If there are signs of recession or sharp weakness, cuts may accelerate.
Watch for cautious language: The Fed tends to emphasize “monitoring risks,” “acting if needed,” etc. So even after cuts, they may leave room to reverse if inflation flares.