Goldman Sachs and JPMorgan Chase expect the Fed to cut interest rates twice this year.

Odaily Planet Daily News: The market generally expects that Trump’s tariff policy will raise inflation and increase the difficulty for the Fed to continue controlling inflation. Goldman Sachs and Fidelity Bank expect the Fed to cut interest rates twice this year, while Morgan Stanley joins Barclays Bank and Macquarie Bank in predicting that the Fed will only cut interest rates by 25 basis points once this year, citing uncertainty caused by President Trump’s tariff policy. In its policy meeting in January, the Fed maintained its benchmark overnight interest rate in the range of 4.25%-4.50%. Fed Chairman Powell stated that further lowering borrowing costs now depends on whether the Fed can make further progress in lowering stubbornly high inflation. (FX168)