Odaily News Deutsche Bank's economic team has the most hawkish view on Wall Street about Federal Reserve policy through 2025, predicting that the Fed will not cut interest rates this year. While that remains the team's official position, chief U.S. economist Matthew Luzzetti acknowledged that the impact of Trump's new tariffs could jeopardize that forecast. "You've definitely started to see some negative effects of trade uncertainty in the economic data," Luzzetti said. "If that impact expands and is reflected in weak labor market data, the Fed could cut rates this year." However, Luzzetti said Deutsche Bank wants to see how long tariffs will remain in place before changing its forecast for the Fed. (Jinshi)