TechFlow, April 29 — According to Jinshi Data, Melanie Baker, senior economist at Royal London Asset Management, stated in a report that she still expects the Federal Reserve to cut interest rates twice in 2025, but not before the second half of the year, when clearer signs of economic slowdown are anticipated. She noted that recession risks have risen and growth prospects for both the global and U.S. economies have deteriorated. However, she remains in the "economic slowdown" camp rather than the "recession" camp, as reciprocal tariffs have been paused and there are signs Trump is responding to market pressures.
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