[Fitch Ratings: Fed Expected to Hold Rates Steady in December, Cut Rates Three Times Before June Next Year] Fitch's forecast indicates that by mid-2026, policy rates in the U.S., Eurozone, and the U.K. will approach the estimated 'neutral' level. Fitch expects the Federal Reserve to hold rates steady in December, but as tariff impacts stabilize and unemployment rises slightly, the Federal Open Market Committee is expected to cut rates three times before June next year. With a significant rise in unemployment, Fitch currently predicts the Bank of England will cut rates three times by 2026. The European Central Bank, however, is not expected to make further rate cuts.