Federal Reserve Chair Jerome Powell will deliver remarks that could provide the market with insights into the central bank's next move at its December meeting. Deutsche Bank chief US economist Matthew Luzzetti sits down with Morning Brief Hosts Seana Smith and Brad Smith to discuss his expectations for the Fed.

Luzzetti tells Yahoo Finance the Fed will "most likely" deliver a 25 basis point cut based on previous comments from Fed officials and the upcoming economic data releases.

The economist adds, "Beyond that, I think you see Fed officials beginning to stake out a view that they might want to begin to skip or slow the pace of rate cuts." He explains, "After cutting rates by 25 basis points in December, we expect that the Fed [will] undertake an extended pause. We expect no further rate cuts throughout 2025."

He notes, "There's lots of uncertainty about where policy is going to end up. We expect tax cuts to be extended and modest additional tax cuts next year. That will help lift demand, lift growth, [and] support a strong labor market. Therefore that part of the policy debate, I think, supports the Fed remaining on hold for longer."

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This post was written by Naomi Buchanan.