[RBC: The Fed is expected to cut rates at this meeting, followed by 'no further cuts needed'] Jin10 News, December 10 – Andrzej Skiba, Head of U.S. Fixed Income at RBC Global Asset Management, stated that the Federal Reserve might cut interest rates at this meeting, but the momentum of the U.S. economy may mean that 'no further rate cuts are necessary.' The bank's baseline assumption is a rate cut, but it could be a hawkish rate cut, potentially signaling a pause in rate cuts afterward. Skiba said, 'In our view, inflation and labor market data should prompt the Fed to hold steady after multiple rate cuts and reassess based on economic developments early next year. Market participants will closely watch dissenting members, including those advocating for larger rate cuts and those who believe the U.S. economy does not currently require a rate cut. For us, after this rate cut, as we expect the U.S. economy to accelerate growth in 2026, the necessity for further rate cuts may no longer exist. For political reasons (such as the leadership transition at the Fed in May), we might see one rate cut, but the economy itself may not require another rate cut for the foreseeable future.'