by Nouriel Roubini, Brunello Rosa And Nato Balavadze

In this paper, we discuss:

  • The state of the US economy, which remains resilient driven by robust consumer spending;  
  • The expected decision by the Fed to cut rates in October and what the Fed may do in coming months;
  • Recent data suggesting economic momentum is fading; 
  • The expected market reaction.

Download PDF: Fed Preview October 2025

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