According to ChainCatcher, Paul Eitelman, an analyst at Russell Investments, noted in a report that the Federal Reserve may keep interest rates unchanged throughout the summer due to the impact of tariffs and geopolitical risks.
The global chief investment strategist stated: "Federal Reserve Chairman Powell is likely to remain vigilant about the risks posed by tariffs and emerging conflicts in the Middle East." He noted that the Federal Reserve believes tariffs pose downside risks to the economy, but this weakness has not yet been reflected in the data, while inflation remains stable. Eitelman said: "We expect one, or perhaps two, rate cuts before the end of this year."
