0845 GMT - The Fed is likely to delay rate cuts amid tariff risks, UOB senior economist Alvin Liew says in commentary. Fed Chair Jerome Powell has indicated that central bank officials aren't in a hurry to adjust interest rates as the "costs of waiting are fairly low," the economist says. Given that the Fed is advocating for patience even as it has stepped up warnings about the risks of higher inflation and unemployment due to U.S. tariffs, UOB continues to hold the view of three 25-basis-point cuts in 2025. UOB pushes back the expected timeline to the FOMC's September, October and December meetings, the economist says. UOB keeps its view of two rate cuts for 2026, implying a lower terminal federal-funds rate of 3.25% next year. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
May 08, 2025 04:45 ET (08:45 GMT)
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