[Moody's Chief Economist: Fed Rate Cuts Expected Next Year, But Patience Is Needed] BlockBeats News, December 26, Moody's Chief Economist Mark Zandi stated that the Federal Reserve might implement multiple rate cuts in 2026. This is not due to economic prosperity but because he believes the economy has entered a delicate balance. In Zandi's view, this peculiar combination points to a gradual and cautious interest rate path in the future, rather than an aggressive rate-cutting cycle. Inflation has also complicated the Fed's outlook for rate cuts. Zandi believes the CPI is closer to 3% rather than the Fed's target, which affects the speed at which policymakers take action. Official data supports his argument, with the U.S. CPI rising 2.7% year-on-year in November 2025 (core CPI at 2.6%), still above the Fed's 2% target. He noted: 'Inflation remains far above the level the Fed desires. Although upward surprises are still possible, the risks are two-sided.' (Jin10)