The US interest rate was lowered by 25 basis points, from 4.25%-4.5% to 4%-4.25%. This is the first interest rate cut of 2025, with the last cut in December 2024.

According to the Federal Reserve's latest economic forecast (the "dot plot"), officials expect two more rate cuts (each by 25 basis points) for the remainder of 2025, totaling three cuts for the year.

If there are two more rate cuts within the year, can we expect to replicate the rate cut trend of 2024?