Lazard chief market strategist: The Federal Reserve is not expected to cut interest rates in 2025 (Jinshi Data APP)

Odaily News Lazard chief market strategist Temple said Lazard still expects the Federal Reserve not to cut interest rates in 2025 due to inflation risks. He said Lazard's views differ significantly from the market consensus, which generally believes that there may be three rate cuts this year. "My view is inconsistent with the consensus because I expect U.S. tariffs to expand in scope and scale by 2025, pushing up inflation," Temple said. He said that a reacceleration of inflation would not necessarily lead to a rate hike, but rising price pressures could prevent the Fed from easing policy in the face of rising unemployment. (Jinshi)