Goldman Sachs and Bank of America expect the Federal Reserve to cut interest rates twice this year

Odaily Planet Daily News Market generally expects Trump's tariff policy to push up inflation and increase the difficulty of the Fed's continued control of inflation. Goldman Sachs and Fuguo Bank expect the Fed to cut interest rates twice this year, while Morgan Stanley joins Barclays Bank and Macquarie Bank. The ranks predict that the Fed will only cut interest rates by 25 basis points this year, because President Trump's tariff policy has brought uncertainty. The Fed also kept its benchmark overnight interest rate in the range of 4.25%-4.50% at its January policy meeting. Fed Chairman Powell said that further rate cuts now depend on whether the Fed can make further progress in stubbornly high inflation. (Jinshi)