Seems that September will be the first cut. I think it’s too long, they should do it at the July meeting. Powell has his head stuck up his ass though, he keeps saying tariffs might increase inflation. He’s not supposed to predict what may happen. Delaying cuts is a big risk, we should get 2 cuts this year but Powell has been a problem.
Inflation is part of the Fed's mandate.
Cutting rates ahead of a massive inflation shock could be a big error.
Tariff won't be an inflationary one-off, but rather another spiral.