Institution: Federal Reserve Expected to Hold Interest Rates Steady Through 2025

On March 17th, Lazard's Chief Market Strategist Temple expressed that due to inflation risks, Lazard still anticipates that the Fed will not cut interest rates until 2025. He pointed out that Lazard's perspective is notably different from the market consensus as the market generally assumes that there could be three rate cuts this year. Temple stated, "My viewpoint is in conflict with the consensus because I expect that by 2025, U.S. tariffs will widen in scope and scale, thereby pushing up inflation." He further explained that a re-acceleration of inflation does not necessarily result in interest rate hikes. However, increasing price pressures may prevent the Fed from loosening policy in the face of rising unemployment. (FXStreet)