Steve Chiavarone, head of multi-asset solutions at Federated Hermes, crystalized the market’s view of where the Federal Reserve is heading on interest rates in one sentence.  “I think they’re going to cut this year — I just think they don’t know it yet,

Federal Reserve Governor Christopher Waller said he continues to see a path to interest-rate cuts later this year amid his expectations that tariffs will boost unemployment and temporarily increase inflation.