Odaily News The Fed paused its rate cuts at its January meeting, and it remains up in the air when or if it will resume, especially as the market waits to see how tariffs and immigration policies will develop under a second Trump administration. Daniel Doderer, economist and head of research at Flack Global Metals, said: "I think the Fed is in a very good position now to do nothing for the time being. We are moving from a labor market supply and demand balance to a market that may face supply constraints while demand remains the same or even higher. This suggests that the Fed is unlikely to cut interest rates. Therefore, our internal expectation is that the Fed will not cut interest rates this year. But compared with the possibility of raising interest rates, the probability of the Fed cutting interest rates is slightly higher." (Jinshi)