Has the rate-cutting cycle ended? Bank of America: Trump's tariffs threaten inflation, and the Fed may not cut interest rates again this year.

Fed Governor Michelle Bowman said on Thursday that she supported last month's rate cut as the Fed's last rate cut in recent times, stressing caution as inflation risks rise, while Kansas City Fed Bank President Jeff Schmid also expressed caution about future rate cuts on Thursday. (Summary: Fed rate cut expectations are limited, U.S. stocks pullback, Trump is imminent... What do analysts think about BTC's future? (Background addition: December FOMC meeting minutes: Fed worried about Trump's tariff policy caused inflation rebound, set the tone to slow the pace of interest rate cuts) The Fed passed a 1-yard rate cut resolution in December last year to reduce the main loan Intrerest rate to a range of 4.25% to 4.50%, but with Trump taking office may implement policies such as high tariffs, it may lead to a return to high inflation, Bank of America predicted this week, The Fed may have completed its last rate cut last month. Last December's rate cut was the last in recent times? It is worth noting that Fed Governor Michelle Bowman said on Thursday that she supports a rate cut last month, which she sees as the "final step" in the Fed's monetary policy adjustment, stressing that inflation risks should rise and that a cautious approach should be taken in the future, she said in a speech prepared to the California Bankers Association: We should also avoid presupposing the future policy direction of the new government, we should wait for clearer information and try to understand its impact on economic activity, The impact of the labor market and inflation. It was the first public statement since it was rumored that Michelle Bowman was expected to become vice president of the Federal Reserve in charge of banking supervision, and the Trump administration is considering replacing Vice Chairman Michael Barr, who announced his resignation this week, who has been a strong critic of Michael Barr's regulatory approach over the past few years and is expected to take a more lenient regulatory approach. Bank of America's latest recent forecasts also point out that if the aggressive tariff policy of the Trump administration is implemented, the Fed may suspend interest rate cuts this year... Considering Trump's imminent inauguration, the Fed may have completed the "last rate cut" of the easing cycle last month. In terms of monetary policy, Michelle Bowman has shown a hawkish stance, expressing concern that inflation progress may stall, citing upside risks, including "pent-up demand" released after last November's presidential election, saying that a rise in the stock market may make it difficult to ease inflation pressures further, and the recent 10-year US Treasury yield Intrerest Rate rise, which also partly reflects market concerns about inflation risks: I still prefer a prudent and gradual approach to policy adjustment. Schmid estimates 2% inflation target only to be achieved by 2026 As Michelle Bowman spoke, Kansas City Fed Bank President Jeff Schmid also expressed caution on future rate cuts on Thursday, noting that the U.S. economy is resilient and inflation remains above the 2% target level: As inflation approaches its target and economic rise continues to maintain momentum, I think we are approaching a stage where the economy no longer needs tightening or stimulus, monetary The policy should remain neutral. In the current environment, Jeff Schmid said that the Intrerest Rate may now be very close to the long-term level, and he supports a gradual adjustment policy in the future, only adjusting when data trends continue to change, emphasizing the strong performance of the economy and allowing the Fed to be patient. Jeff Schmid predicts that the Fed will not achieve its 2% inflation target until 2026, noting that the final phase of reducing inflation to 2% may be the most challenging for monetary policy, and that the Fed's quantitative tightening is somewhat contradictory to interest rate cuts, and he expects the Fed to reduce its balance sheet further, but there is still uncertainty about the final size of the balance sheet: I hope that this year the balance sheet will shrink further, Hopefully, the Fed will move toward a fully stocked portfolio of U.S. Treasuries, and we should minimize the impact on relative asset prices, which means phasing out our holdings of mortgage-backed securities (MBS). Related reports Trump is considering declaring a "U.S. economic emergency" to start a new tariff policy, small non-farm payrolls are lower than expected to strengthen confidence in interest rate cuts Bank of America warns: Trump's high tariff plan may exacerbate inflation, the Fed may not cut interest rates this year Fed Governor: The Fed will be more cautious about cutting interest rates, and the valuation of U.S. stocks is on the high side, and it is easy to pull back sharply "The interest rate cut cycle is over? Bank of America: Trump's tariffs threaten inflation, the Fed may not cut interest rates this year" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Block Chain News Media".