According to BlockBeats, Melanie Baker, a senior economist at Royal Asset Management in London, indicated in a report that the Federal Reserve should implement two interest rate cuts in 2025. However, these cuts are not expected to occur until the second half of the year, when clearer signs of an economic slowdown are projected.
Baker emphasized that the risk of a recession has increased, and that the economic growth outlook for the global and U.S. economies has deteriorated. Despite these concerns, she remains in the 'economic slowdown' camp rather than predicting a full-blown recession. This position is partly due to the suspension of reciprocal tariffs and indications that U.S. President Donald Trump is responding to market pressures.