According to Odaily Planet Daily, analysts at several investment banks believe it's only a matter of months before the Federal Reserve launches a new easing cycle. Antti Ilvonen, a US macro analyst at Danske Bank, stated that with the trade-weighted average tariff rate appearing close to 20%, rising costs will continue to put pressure on profit margins and households' real purchasing power. This will curb new hiring and put further pressure on consumption in the second half of the year, ultimately prompting the Fed to resume interest rate cuts at its September meeting. Max Stainton, senior global macro strategist at Fidelity International, also stated that the impact of tariffs on economic growth may be greater than expected, and this risk is increasing. Atakan Bakiska, a US economist at Berenberg Bank, stated that after misjudging the inflation surge in 2021-2022 and acting "too late" to raise interest rates, the Fed is now hesitant in the face of another supply shock (tariffs). (Jinshi)