Federal Reserve Daly: Expected to cut interest rates twice in 2025, the impact of tariffs may be weaker than expected
Internet reports that San Francisco Fed President Daley said she still believes there may be two interest rate cuts this year, and pointed out that the possibility of a more moderate impact on prices than expected is rising. Daly revealed that some companies are negotiating to share tariff costs to reduce the proportion passed on to end consumers. She said the U.S. economy is in good shape and economic growth and consumer spending are slowing but not yet abating. Inflation is moving towards the Federal Reserve's 2% target. "I think there may be two rate cuts, but everyone's expectations are uncertain and consider implementing a rate cut in the autumn," Daley said.
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