Royal Asset Management Economist in London: The Federal Reserve (FED) interest rate cut expectations have been postponed to the second half of the year.

Gate.io News bot message, Melanie Baker, a senior economist at Royal Asset Management in London, released a report stating that the Federal Reserve (FED) is expected to implement two rate cuts in 2025, but the timing of the cuts will be delayed until the second half of the year, when the economy is expected to show a more pronounced slowdown.

Baker stated that the current global and U.S. economic growth outlook has worsened, and the risk of recession has increased. However, she still leans towards a judgment of “economic slowdown” rather than “economic recession” due to the suspension of reciprocal tariffs and Trump’s positive response to market pressures.