Golden Finance reported that the market generally expects Trump's tariff policy to push up inflation and increase the difficulty of the Fed's continued control of inflation. Goldman Sachs and Wells Fargo expect the Fed to cut interest rates twice this year, while Morgan Stanley joins Barclays and McGrady The ranks of Query Bank predict that the Fed will only cut interest rates by 25 basis points this year, citing uncertainty caused by US President Trump's tariff policy. The Fed also maintained its benchmark overnight rate in the range of 4.25%-4.50% at its policy meeting in January, with Fed Chairman Powell saying further reductions in borrowing costs now depend on whether the Fed can make further progress in reducing stubborn high inflation.