PANews reported on November 8 that Nick Timiraos, a "mouthpiece" of the Federal Reserve and a reporter for the Wall Street Journal, commented on the Federal Reserve's interest rate decision in November: "The Federal Reserve decided on Thursday to cut interest rates by 25 basis points, but released more uncertainty about the pace of continued rate cuts. The Federal Reserve is still trying to prevent the sharp interest rate hikes in the past two and a half years from dragging down the economy. In a similar time frame, investors in the interest rate futures market have continuously lowered their expectations for the extent of the Fed's interest rate cuts in the next year or so. According to Citigroup, they now believe that the Federal Reserve will cut interest rates to around 3.6% by 2026, compared with an estimate of 2.8% in September. Officials are trying to bring interest rates back to a more normal level, which neither stimulates nor slows economic growth, but they don't know what a normal interest rate is. So they may be guided by economic performance in the coming months. This means they will keep interest rates slightly above normal or neutral levels."