Fed's Daly: Two rate cuts expected in 2025, tariff impact may be weaker than expected

Odaily Planet Daily News San Francisco Fed President Mary Daly said she still believes there may be two rate cuts this year, and pointed out that the possibility of a milder-than-expected impact of tariffs on prices is rising. Daly revealed that some companies are negotiating to share the cost of tariffs, thereby reducing the proportion passed on to end consumers. She said that the U.S. economy is in good shape, economic growth and consumer spending are slowing, but have not weakened. Inflation is moving towards the Fed's 2% target. "I think there may be two rate cuts, but there is uncertainty in everyone's expectations. Consider implementing a rate cut in the fall," Daly said.