**[Opinion: The Market Overestimates the Fed's Easing Expectations, A Rate Cut in January Next Year is Reasonable]** BlockBeats news, November 24, Generali Investments senior economist Paolo Zanghieri stated that he and his team believe the rate cut reflected by the market exceeds the extent of rate cuts the Federal Reserve is likely to implement. "We believe the probability of a rate cut next month is 50%. Given the limited new data, it would be reasonable for the Federal Reserve to wait until January next year to cut rates, while signaling a tendency toward easing. More importantly, based on hopes for a rapid decline in inflation, the market expects nearly four rate cuts next year, which seems overly optimistic. We anticipate only a 50 basis point rate cut by summer." (Jin10)