The Federal Reserve cut interest rates by 0.25% on November 7. More interest rate cuts are likely through the end of 2026.

Major brokerages including J.P.Morgan, Barclays and Goldman Sachs have forecast a 25-basis-point interest-rate cut by the U.S. Federal Reserve at its November 6-7 meeting.

The Federal Open Market Committee is expected to follow September's 50-basis-point rate cut, the first of its easing cycle, with a smaller 25-bp cut on Thursday. The spectacularly weak October jobs report isn't expected to persuade the Federal Reserve policymakers to make a bigger cut,