Federal Reserve Matrix: Most officials expect a cumulative interest rate cut of 50 basis points by 2025, with 4 officials supporting no rate cuts within the year According to the Federal Reserve's dot matrix chart, among 19 officials, 4 officials believe that interest rates should not be cut in 2025 (1 in December), 4 officials believe that a cumulative interest rate cut of 25 basis points should be implemented in 2025, i.e., one interest rate cut (3 in December), 9 officials believe that a cumulative interest rate cut of 50 basis points should be implemented in 2025, i.e., two interest rate cuts should be implemented (10 in December), 2 officials believe that a cumulative interest rate cut of 75 basis points should be implemented in 2025, i.e., three interest rate cuts should be implemented (3 in December), no official believes that a cumulative interest rate cut of 100 basis points should be implemented in 2025 (1 in December), and no official believes that a cumulative interest rate cut of 125 basis points should be implemented in 2025 (1 in December).