Goldman Sachs and Wells Fargo expect Fed to cut rates twice this year

Odaily News The market generally expects Trump's tariff policy to push up inflation and make it more difficult for the Federal Reserve to continue to control inflation. Goldman Sachs and Wells Fargo expect the Federal Reserve to cut interest rates twice this year, while Morgan Stanley joins Barclays and Macquarie Bank in predicting that the Federal Reserve will only cut interest rates by 25 basis points once this year, citing the uncertainty brought about by US President Trump's tariff policy. The Federal Reserve also maintained its benchmark overnight interest rate in the range of 4.25%-4.50% at its January policy meeting. Fed Chairman Powell said that further reductions in borrowing costs now depend on whether the Federal Reserve can make further progress in reducing stubbornly high inflation. (Jinshi)