Odaily Planet Daily News: A Reuters survey of economists showed that the Federal Reserve will cut interest rates by 25 basis points next week and cut interest rates again in December; but the economists surveyed still have serious differences on the interest rate level at the end of next year.

Of the 117 economists surveyed, all but two predicted the Federal Reserve would cut interest rates by another 25 basis points on October 29, bringing the range to 3.75%-4.00%. Another two predicted a 25 basis point cut in October and a 50 basis point cut in December. Regarding whether another rate cut would occur in December, the proportion of economists favoring it dropped to 71%. The survey was conducted from October 15 to 21.

Economists have given seven different forecasts for interest rates by the end of next year, ranging from 2.25% to 2.50% to 3.75% to 4.00%. The increased uncertainty is partly due to market speculation about who will take over as Fed Chair after Chairman Powell's term ends in May.