At the end of last year, they argued for the Fed to cut rates four times in 2025 before scaling that back amid Q1 developments. But now with Trump's tariffs, they are putting their previous forecast back on the table in expecting Powell & co. to deliver between 75 bps to 100 bps of rate cuts for the remainder of the year.
From earlier, the current market pricing: Traders step up Fed rate cut pricing after Trump tariffs announcement
