Wall Street is guessing that the Federal Reserve won't be able to cut interest rates many times next year? Some traders still don't buy it! With the Federal Reserve set to end its easing journey in 2024 with a "three consecutive cuts" tonight, the trend of interest rates next year has become the most concerning topic for many market participants. Most Wall Street institutions currently believe that the Federal Reserve is likely to significantly slow down its pace of further easing next year and instead adopt a more gradual and cautious tone.