Reported 16 days ago
Economists on Wall Street have revised their expectations for US interest-rate cuts in 2025 after the presidential election of Donald Trump and comments from Federal Reserve Chair Jerome Powell. Several banks, including Barclays and Toronto-Dominion, have scrapped their earlier predictions of a series of cuts, citing concerns over potential inflation from stricter immigration policies and higher tariffs under Trump. Consequently, Treasury yields increased as futures implied a slower rate-cut pace, with adjustments to forecasts indicating fewer cuts than previously anticipated.
Source: YAHOO