According to Odaily, a team of economists led by Andrew Hollenhorst at Citigroup has projected that a relaxed labor market will alleviate inflationary pressures in the service sector, while global economic weakness is expected to suppress commodity prices. This economic environment is anticipated to prompt the Federal Reserve to adopt an aggressive approach, with expectations of a 25 basis point rate cut at each meeting until July next year. This would bring the federal funds rate down to a range between 3% and 3.25%.