According to reports from Jinshi Data, Melanie Baker, a senior economist at Royal Asset Management in London, stated that the Federal Reserve is expected to cut interest rates twice in the second half of 2025. She noted that signs of economic slowdown will become more apparent in the second half of the year.
Baker believes that the risk of recession is rising, and the outlook for global and US economic growth is deteriorating. However, she still considers the economy to be in a slowdown phase rather than a recession phase. Trump's response to market pressures and the suspension of reciprocal tariffs are key factors.
