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,

A short-lived bump in tariff-driven inflation could pass quickly enough to allow interest-rate cuts this year, especially if levies ease, Federal Reserve governor Christopher Waller said. New trade barriers are likely to push up prices in the short term,

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.