According to online reports, Allspring analyst Matthias Scheiber said that due to persistent uncertainty surrounding tariffs and the still strong U.S. labor market, the Federal Reserve has adopted a widely expected "wait-and-see" attitude towards interest rates. "From our perspective, the next window for a possible Fed rate cut will be September," the director of multi-asset solutions said. Allspring predicts that the Fed could cut interest rates twice this year if inflation continues to fall towards its 2.0 percent target.