Goldman Sachs and Wells Fargo expect Fed to cut rates twice this year

Odaily reports that the market generally expects that Trump's tariff policy will drive up inflation and increase the difficulty for the Federal Reserve to continue controlling inflation. Goldman Sachs and Wells Fargo expect the Federal Reserve to cut interest rates twice this year, while Morgan Stanley has joined Barclays and Macquarie in predicting that the Federal Reserve will only make a 25-basis-point rate cut this year, citing the uncertainty caused by US President Trump's tariff policy. The Federal Reserve also kept its benchmark overnight interest rate in the range of 4.25%-4.50% at its policy meeting in January, and Federal Reserve Chairman Powell said that further reductions in borrowing costs now depend on the Federal Reserve's ability to make further progress in lowering stubborn high inflation. (Gold Ten)