Reported 9 days ago
President-elect Donald Trump's approach to tariffs may introduce inflationary pressures in the U.S. economy, affecting the Federal Reserve's monetary policy decisions. Economists predict fewer interest rate cuts than previously expected due to a strengthening economy and the anticipated impact of tariffs. Nomura's chief economist, David Seif, foresees one rate cut in December and another in March 2025, emphasizing that Trump's pro-tariff stance will align with his campaign commitments.
Source: YAHOO